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Tata Steel Says ‘Critical Point’ in UK Green Transition Looms

  • Steelmaker has been in talks with government for two years
  • Greener steel production will entail ‘substantial’ investment
Inside The Stelco Facility As 107-Year-Old Steelmaker Has Plan To Take On Global Giants
Photographer: Cole Burston/Bloomberg

India’s Tata Steel Ltd. said financial support from the British government is needed soon so it can start turning its UK assets greener before they reach end-of-life.

Tata’s UK business is currently cash positive and able to operate as normal, according to T.V. Narendran, managing director at the Mumbai-based steelmaker. Within the next few years, however, they will need to be overhauled to reduce emissions, he said.