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Tata Steel to begin construction work of UK's low-carbon project this month
Economic Times
·
1m ago
Medial
Tata Steel plans to begin construction of a low-carbon electric arc furnace (EAF) steelmaking project in the UK at Port Talbot this month, with a £1.5 billion investment, including £500 million from the UK government. The project aims to commence operations by 2027, transitioning the site from traditional blast furnace technology to more sustainable steel production using locally sourced scrap, as part of Tata Steel's broader decarbonization strategy.
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Tata Steel signs £500 million deal with UK government for Port Talbot | Mint
Livemint
·
11m ago
Medial
Tata Steel has secured a £500 million grant from the UK government for its £1.25 billion green steel project in Port Talbot. This funding will accelerate the installation of an electric arc furnace at the steelworks, reducing the UK's industrial carbon emissions by 8% and Port Talbot's emissions by 90%. The project is expected to make Port Talbot one of Europe's premier centres for green steelmaking. Tata Steel is also working on planning approvals and aims to start large-scale site work by July. The electric arc furnace is projected to be operational within three years.
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Tata Steel reaches agreement with UK trade unions
Livemint
·
1y ago
Medial
Tata Steel has reached an agreement with trade unions in the UK, making way for a £1.25 billion electric arc furnace project at its Port Talbot plant. The project will replace two aged blast furnaces and may lead to 2,800 job losses, though it will also preserve around 5,000 jobs that would have been lost if the plant had been shut down. The UK government has promised £500 million in grants to support the transition. Tata Steel plans to begin construction on the project by August 2025.
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Green steel demand to reach 4.49 MnT in 2030 driven by construction, infra sectors: EY-Parthenon
Economic Times
·
24d ago
Medial
The demand for green steel in India is projected to reach 4.49 million tonnes (MnT) by 2030, driven by sectors such as construction, infrastructure, and automobiles, according to an Ernst & Young (EY)-Parthenon report. Green steel, produced using low carbon emissions, is seeing a rising price premium due to production costs and carbon pricing. However, this premium is expected to significantly reduce as green hydrogen costs decrease and technology scales up.
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Tata Steel signs pact with UK govt for largest investment in UK steel sector
Livemint
·
1y ago
Medial
The UK government is set to provide funding to help Tata Steel finance a new electric arc furnace at its Port Talbot plant, aiming to safeguard 5,000 jobs out of more than 8,000. This move is part of the government's efforts to help steelmakers transition away from carbon-intensive blast furnaces. The project is expected to reduce direct emissions by 50 million tonnes over a decade. The electric arc furnace will replace existing coal-powered blast furnaces, significantly lowering carbon emissions and securing steel production in the region.
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Tata Steel approves plans for building electric arc furnace in Port Talbot; UK welcomes ‘green steel’ growth | Company Business News
Livemint
·
6m ago
Medial
Tata Steel UK has secured approval for a state-of-the-art Electric Arc Furnace in Port Talbot, South Wales, as part of a £1.25 billion joint investment with government backing. The project aims to preserve 5,000 jobs and reduce CO2 emissions by 90%, transitioning to green steelmaking. The Electric Arc Furnace will use electricity to melt scrap steel, marking a significant industry shift. Construction begins this summer, with completion targeted for the end of 2027.
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Tata’s Dholera Plant Likely To Roll Out India’s First Chip By 2026
Inc42
·
1y ago
Medial
The construction of a Tata Group and Powerchip Semiconductor Manufacturing Corporation (PSMC) semiconductor plant in Gujarat, India, is set to begin this year, with a total investment of up to $11 billion. The plant is expected to start production by the end of 2026, initially focusing on 28 nm chips and later moving to 22 nm. The facility will have a manufacturing capacity of up to 50,000 wafers per month and will produce chips for various applications, including power management, display drivers, microcontrollers, and high-performance computing logic. This project is aimed at capturing the growing demand in automotive, computing, data storage, wireless communication, and artificial intelligence markets.
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Tata Steel job losses in focus as Keir Starmer-led UK govt takes over, union suspends strike
Livemint
·
1y ago
Medial
The UK government is focused on preventing job losses at Tata Steel, as discussions are underway between the government and the company. Up to 2,800 jobs are at risk as Tata Steel plans to close two carbon-intensive blast furnaces. The government is also supporting the company's transition to lower-carbon technologies. Workers at Tata Steel suspended a strike they had planned after the company warned that the furnaces would close if the strike proceeded. The newly elected Labour Party government aims to sign a £500 million support package to build less carbon-intensive electric-arc furnaces.
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Mint Explainer: Why Tata Steel is jittery about the UK election
Livemint
·
1y ago
Medial
Tata Steel is concerned that a future UK government may not honor a £500 million support deal that was struck with the current Conservative administration. The deal is part of a £1.25 billion transition plan to replace two blast furnaces with electric arc furnaces at Tata's Port Talbot Steelworks in Wales. The UK's upcoming general election has put the steelmaker on edge since the Labour party, currently favored to win, has suggested reaching a better solution that would result in fewer job losses. Tata Steel warns that political uncertainty surrounding the grant could jeopardize the project and the future of steelmaking at Port Talbot.
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Tata Steel’s UK plant gets a new lifeline. Will it see a revival after £4 billion loss?
Livemint
·
6m ago
Medial
Tata Steel's Port Talbot plant, previously facing £4 billion in losses, has secured local council approval for a revival plan focusing on green steel production. This includes transitioning to an electric arc furnace, reducing 2,000 jobs but preserving thousands more. With £500 million from the UK government, Tata aims to cut CO2 emissions significantly. The £1.25 billion investment aims to ensure sustainable steelmaking by 2027, marking a significant boost for the UK's steel industry.
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Tata Motors’ Jaguar Land Rover manufacturing unit in Tamil Nadu may begin operations late in 2025 | Mint
Livemint
·
1y ago
Medial
Tata Motors is set to begin construction of the first Jaguar Land Rover manufacturing unit in India. The unit, which will solely produce electric vehicles (EVs), is expected to be operational by late 2025 or early 2026. Tata Motors has secured over 400 acres of land in Tamil Nadu for the project, which benefits from its proximity to ports in Chennai and Ennore. The manufacturing unit will form part of the Chennai-Bengaluru Industrial Corridor and help increase connectivity in the area. Presently, Jaguar Land Rover's manufacturing unit in Pune assembles completely knocked-down (CKD) models.
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