Tata Steel receives 500 mn pounds grant from U.K. for Port Talbot
The proposed project would involve Tata Steel’s balance sheet being restructured with potential elimination of the current cash losses in the UK operations
The proposed project would involve Tata Steel’s balance sheet being restructured with potential elimination of the current cash losses in the UK operations
The UK subsidiary asked for a financial package of £1.5 billion, but the government offered £300 million and is in talks for increasing the aid.