UK Govt open to investing more if Tata Steel builds assets: CEO TV Narendran

Tata Steel UK's CEO, TV Narendran, revealed that the British government is willing to provide further funding if Tata Steel opens additional product lines to mitigate job losses. The company and government had previously agreed on a £1.25 billion investment to transition to an electric arc furnace, with the government contributing £500 million. The transition could make about 2,800 jobs redundant. Tata Steel is exploring additional investments in downstream operations, such as a steel galvanizing line or a scrap processing unit, which could be supported by the government to preserve jobs.