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

Economic Survey 2025–26 Raises India’s Potential Growth To 7 Per Cent, But Flags Risks To...
Economic Survey 2025–26 Raises India’s Potential Growth To 7 Per Cent, But Flags Risks To...
Economic Survey Flags Growth Amid Global Uncertainty
Economic Survey Flags Growth Amid Global Uncertainty
Mumbai Real Estate Developers Post Strong Q3 Sales, Signal Sustained Homebuyer Confidence
Mumbai Real Estate Developers Post Strong Q3 Sales, Signal Sustained Homebuyer Confidence
How Critical Minerals Are Anchoring India’s Rise To Global Power
How Critical Minerals Are Anchoring India’s Rise To Global Power
Rishabh Pant Extends Warm Wishes To Sanjiv Goenka On His 65th Birthday; Lucknow Super Giants Owner...
Rishabh Pant Extends Warm Wishes To Sanjiv Goenka On His 65th Birthday; Lucknow Super Giants Owner...