Port Talbot

The project, which has a total capital expenditure of GBP 1.25 billion, will result in the replacement of coal-fired blast furnaces to scrap-based electric arc furnaces.

Tata Steel signs contract with Tenova for electric arc furnace at Port Talbot plant

Tata Steel signed a contract with Italy-based Tenova on Friday for an electric arc furnace at its Port Talbot plant in Wales

Tata Steel reaches deal with UK govt over £500 million grant funding

Earlier this year, Tata Steel announced its plan to close its remaining two blast furnaces ahead of switching production to a new electric furnace. One of the furnaces has already closed, while the other is due to cease production later this month.

Tata Steel workers in UK to begin indefinite strike next month

The strike action, described by Unite as the first strikes by British steel workers in 40 years, will take place at Tata's Port Talbot and Llanwern sites in Wales.

Tata Steel refutes any back-tracking on Port Talbot closure despite Labour party seeking renewed talks

Tata Steel clarified that it will continue with its announced closure of assets and restructuring program at the plant in the coming months.

UK workers' union says will proceed with industrial action at Tata Steel plants

Unite the Union said on Thursday that its workers will begin working to rule as well as taking part in a continuous overtime ban from June 18 to severely disrupt and delay the company's operations and order book unless the company rows back on the closure.

Welsh first minister says he hopes Tata Steel to hold talks with Port Talbot workers soon

Tata Steel announced on April 25 that the steelmaker will proceed with its £1.25-billion investment to build an electric arc furnace in Port Talbot, replacing two blast furnaces and commence closure of the existing heavy end assets in the following months.

Tata Steel to see cash outflow after restructuring under Port Talbot plan: CFO

Tata Steel and the UK government jointly announced an agreement to invest in state-of-the-art electric arc furnace steelmaking at the company’s Port Talbot site at a cost of GBP 1.25 billion pounds, including a UK government grant of GBP 500 million.

Tata Steel to receive £500 million from Britain to decarbonise Port Talbot

Tata Steel and the UK government jointly announced the agreement with a capital cost of £1.25 billion, which will include the government grant of £500 million.

Tata says Port Talbot may close without £1.5 billion from government

Indian steel giant Tata Steel Ltd. may close sites including Port Talbot unless it receives £1.5 billion ($1.8 billion) in support from the UK government, the Financial Times reported.

Tata Steel unveils green investment plan for UK steel tube mill

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Tata Steel rises 4% on buzz of UK biz merger completion by May

Tata Group firm said to be in talks with Thyssenkrupp and the deal has reached price negotiation phase. Due diligence between the companies have been completed.

Tata Steel workers okay pension reforms despite reduced benefits

The workers accepted to the resuce deal with the company that will tweak pension norms but will pump a guaranteed 1 billion euros into the plant.

Tata Steel workers begin voting on UK plant rescue

Tata Steel workers today began voting on a plan, that includes 1 billion pound investment over 10 years, to rescue the Indian conglomerate's UK operations, with a result of the ballot expected by mid-February.

Tata Steel up 3% on UK investment plans, Thyssenkrupp JV likely

Credit Suisse says delinking pension fund should pave way for Thyssenkrupp JV, which could take 6-12 months to materialise. The brokerage firm maintains outperform rating with target unchanged at Rs 515 per share.

Tata Steel agrees 10-year investment plan for UK

Indian giant Tata Steel today made a 10-year commitment to a one-billion-pound investment plan as part of its crucial talks with steelworkers' unions to save thousands of jobs in the UK.

Market hails Tata Steel's UK plant deal, for now

Reports say that the company is moving towards a deal with UK steel workers‘ unions to keep its troubled Port Talbot plant open till at least 2020. Union leaders will be taking the new plan with its members, which if approved could see investments into the company in return for concessions on staff terms and conditions.

Will fight for plants in Tata-Thyssen merger:German union leader

Steel-to-elevators group Thyssenkrupp has been exploring a steel merger with Tata in response to excess production capacity and a weak demand outlook.

Tata Steel's JV with ThyssenKrupp in final stages: Sources

Sources tell CNBC-TV18 that Tata Steel‘s JV with ThyssenKrupp is in its final stages after speciality steels asset sale. The joint venture will include Port Talbot, Netherlands Unit and ThyssenKrupp‘s steel arm, learns CNBC-TV18.

Tata Steel looking at reducing Port Talbot's capacity

The move could see one of Port Talbot's two blast furnaces shut, halving the plant's capacity. Up to 4,000 people are employed at the site.

Tata Steel's UK operations still 'not out of the woods': CEO

Tata Steel's UK operations are still "not out of the woods" despite a "turnaround", the company's CEO has said.

Tata Steel may not sell Port Talbot plant in UK

According to the people in the know of the development, Tata Steel is likely to hive off downstream units in Rostherham, Hartlepool and Stocksbridge, reports CNBC-TV18's Nisha Poddar.

Tata Steel board likely to put sale plans on hold: Sources

Tata Steel's management, likely to meet tomorrow to discuss pension liability, could put its sale plans on hold, sources tell CNBC-TV18.

Tata Steel UK unit sale talks to gain pace post Brexit poll: JPM

Tata Steel is learnt to have received bids for its Port Talbot plant, but has not announced the list of potential suitors. JP Morgan analysts feel the probability of Tata Steel not selling the plant in return for concessions from the UK government are low.

Tata Steel UK circulates memo to staff on EU referendum

"The EU is by far our largest export market, with over a third of our UK steel heading there access to that market is fundamental to our business," Tim Morris, Head of Public Affairs for Tata Steel in Europe, said in the internal document dated June 10 and published by the 'Daily Telegraph' today.