![Will UK government part-fund Tata Steel UK’s green transition?](https://images.assettype.com/fortuneindia%2F2021-12%2F0b8720ee-ec45-4a1f-84d7-5ad7a9daa6dd%2Ftata_steel_uk.jpg?w=300&q=95)
Will UK government part-fund Tata Steel UK’s green transition?
The UK subsidiary asked for a financial package of £1.5 billion, but the government offered £300 million and is in talks for increasing the aid.
The UK subsidiary asked for a financial package of £1.5 billion, but the government offered £300 million and is in talks for increasing the aid.
This smallcap iron and steel company has risen 120% in the last one year and 75% in six-month period.
The homegrown iron and steel products maker is the best performing IPO of 2022, delivering a return of 163% till date, compared to its issue price of ₹153 apiece.
“With Europe maintaining sanctions on Russia, we expect the trade to divert from Russia to India,” says A Shakhtivel, President, FIEO.