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04 Sep
21:36

Tata UK funding deal nears: reports

Tata Steel remains in talks with the UK government over support for the decarbonisation of its Port Talbot plant, the firm has said in response to media reports over the weekend. According to Sky News, the UK government will offer Tata Steel £500 million ($631m) in funding, while Tata itself will commit £700m in capital expenditure. The news agency cites sources saying the terms of an agreement were subject to change, but that there were hopes of final…
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