Key Points
The Rishi Sunak-led government's earlier proposal barely covered a fifth of the estimated capital cost required at Port Talbot Steelworks, Narendran said..
Edited excerpts:ReutersAs far as debt is concerned, we have reduced it by about 3,300 crore in Q4...
If better fiscal support from Westminster for upgrading Tata Steel's assets in the country doesn't come through quickly, Asia's oldest manufacturer of the alloy may have to pull the plug on its UK operations, TV Narendran, managing director, tells Nikita Periwal & Nehal Chaliawala..
Without getting into the numbers, our request was for 50% of the capex (capital expenditure) that is required and some opex (operational expenditure) support because the energy costs in the UK are much higher than in Europe..
With these three sites in Odisha alone, I can go to 35 million tonnes, and Jamshedpur is 11 million tonnes.In addition, we are building (an electric arc furnace) in Punjab, so if that model works, we can build more such plants in Gujarat or wherever scrap steel is available near industrial areas..
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