It was set to aid Tata with its plans to build an electric arc furnace, replacing the existing coal-powered process, under ambitions to switch to a more environmentally-friendly form of production.
The Indian steelmaking giant said it would invest £750m in building the furnace, alongside funding a support package for the employees expected to be made redundant during the transition.
This story is from the September 11, 2024 edition of The Independent.
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This story is from the September 11, 2024 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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