Can't keep funding losses at Port Talbot plant: Chair

Can't keep funding losses at Port Talbot plant: Chair

AgenciesUpdated: Tuesday, January 07, 2020, 01:11 AM IST
article-image

Mumbai: The chairman of the Tata group N Chandrasekaran has said the steel conglomerate cannot have a situation where India keeps funding the mounting losses at its struggling Port Talbot steelworks in the UK.

He emphasised that the Port Talbot steelworks in Wales, one of the largest in Europe, needed to be "self-sustaining". The head refused to commit to continuing to make UK steel, the report said.

RECENT STORIES

Swan Defence Wins Oman Order For Naval Training Vessel
Swan Defence Wins Oman Order For Naval Training Vessel
Silver Crashes Sharply On MCX After Global Price Collapse, ETFs & Leveraged Positions Come Under...
Silver Crashes Sharply On MCX After Global Price Collapse, ETFs & Leveraged Positions Come Under...
Silver Price Volatility Shakes Pandora’s Outlook, Shares Slide After Jefferies Downgrade
Silver Price Volatility Shakes Pandora’s Outlook, Shares Slide After Jefferies Downgrade
Oberoi Realty Wins Highest Bid Of ₹5,400 Crore For 11-Acre Prime Railway Land In Mumbai's Bandra...
Oberoi Realty Wins Highest Bid Of ₹5,400 Crore For 11-Acre Prime Railway Land In Mumbai's Bandra...
SEBI Proposes Major Revamp Of ‘Fit & Proper’ Rules To Avoid Premature Disqualifications & Align...
SEBI Proposes Major Revamp Of ‘Fit & Proper’ Rules To Avoid Premature Disqualifications & Align...