Tata Sons is considering Tata Steel's exit from its UK business with little hope of a £1.5 billion subsidy package for the proposed transition to green energy from the British government led by Liz Truss, said people with knowledge of the matter. Tata Sons has said the funding is needed to replace the carbon-intensive blast furnaces with electric arc furnaces over the next few years to keep the plant operational. Tata Sons doesn't see much point in an endless wait for help from the UK government, which is which is "sitting on the fence" and various exit options are being looked at, said one of the persons cited above.
No comments:
Post a Comment