Government may have to do more to help Tata find buyer for UK assets - CEO

The British government will probably have to do more to help India's Tata Steel to find a buyer for its steel plants in the country, Bimlendra Jha, the chief executive of Tata Steel UK said on Thursday.

Reuters April 28, 2016 16:00:32 IST
Government may have to do more to help Tata find buyer for UK assets - CEO

The British government will probably have to do more to help India's Tata Steel to find a buyer for its steel plants in the country, Bimlendra Jha, the chief executive of Tata Steel UK said on Thursday.

Government may have to do more to help Tata find buyer for UK assets  CEO

Reuters

Jha told a committee of British lawmakers that there were "structural disadvantages" in the steel industry in Britain which made production unprofitable - something, he said, that had forced the company to put its assets up for sale.

He said there was no "dead drop" deadline for the sale of Tata's steel assets in Britain, but underlined that it was a matter of urgency for the company.

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