Tata Steel 'can't keep funding losses' at UK's loss-making Port Talbot plant: N Chandrasekaran1 min read . Updated: 06 Jan 2020, 08:34 PM IST
- Tata has two large steelworks in Europe - Port Talbot, and one near Ijmuiden in the Netherlands, about 30km north-west of Amsterdam
- Tata Steel's pre-tax losses were 371 million pounds last year, up from 222 million pounds in 2017-18
LONDON : The chairman of the Tata group N Chandrasekaran has said the steel conglomerate cannot have a situation where India keeps funding the mounting losses at its struggling Port Talbot steelworks in the UK.
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