Tata Steel Chairman N. Chandrasekaran, speaking at the 113th annual general meeting of the company, said that “Tata Steel UK is not profitable and continues to be a burden, so we are negotiating with the UK government. The negotiations are not over yet and that's all I can tell you at the moment. If we have a successful outcome that is good, but if we do not have a successful outcome, we also consider our alternatives. The goal is to find a durable solution. "
Tata Sons is reportedly seeking £ 900m from the UK government's Project Birch fund, which was created to provide government support to strategically important businesses affected by Covid-19.
Tata Steel is still negotiating revival package with UK government
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