TATA Steel ‘not keen on any new acquisitions’: CEO T V Narendran
Indian market by the year 2030, an increase from its existing capacity of approximately 22 MTPA. The CEO also spoke on the operations of TATA Steel UK and said, "We are (still) engaged with the UK government to find a solution.
If we can find common ground with the government (there)." He asserted that there is currently no problem with the UK operations apart from some upstream assets that are old and the reliability of some equipment Tata Steel possesses the largest steel manufacturing facility in the United Kingdom located in Port Talbot, situated in South Wales. It sustains a workforce of approximately 8,000 employees throughout its various undertakings within the nation.
The company had pursued funding of 1.5 billion pounds from the UK government to facilitate the implementation of its initiatives for reducing carbon emissions. Nevertheless, earlier this year, the British government responded with a counterproposal that significantly fell short of the company's anticipated financial support.
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