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

'25% Tariff On India A Huge Success': US Secretary Hints At Potential Rollback | VIDEO
'25% Tariff On India A Huge Success': US Secretary Hints At Potential Rollback | VIDEO
RBI Made UPI A Public Good By Keeping It Affordable & Accessible: Infosys Founder
RBI Made UPI A Public Good By Keeping It Affordable & Accessible: Infosys Founder
SEBI Clears 12 IPOs Worth Thousands Of Crores, Including Infra Market, Sify Infinit Spaces & Purple...
SEBI Clears 12 IPOs Worth Thousands Of Crores, Including Infra Market, Sify Infinit Spaces & Purple...
ED Attaches Properties Worth ₹16 Crore In Apexa Group Ponzi Fraud Case
ED Attaches Properties Worth ₹16 Crore In Apexa Group Ponzi Fraud Case
Pride Hotels Gets SEBI Nod For ₹1,000 Crore IPO, Funds For Renovation, Debt Repayment & Expansion
Pride Hotels Gets SEBI Nod For ₹1,000 Crore IPO, Funds For Renovation, Debt Repayment & Expansion