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The proposal for the government to take an equity stake and in effect part nationalise the plant is said to be one of the options under discussion.
The outlook revision reflects view that Tata Steel will deleverage slower than earlier expectations as the outlook for steel prices weakened materially over the last three quarters
The company had announced in May 2018 the potential sale of five non-core businesses, enabling it to strengthen its focus on its strategic markets
Inks deal with JFE for Cogent Power
New British Steel Pension Scheme to be offered to UK employees
