Germany’s RWE and India’s Tata Power are teaming up to explore the potential development of offshore wind projects in India. Significantly, India remains an unexplored and highly attractive market for offshore wind given its large coastline of 7,600 kms.
The UK steel industry has welcomed a move by the European Union to impose anti-dumping measures on a steel product from China and Russia.
A leading steel firm has bought a plant to make wind towers and large-scale tubular steel fabrication.
A steel company official has set out plans for a “radical” reshape of the struggling industry to make it competitive again.
Steel giant Tata said it will consider all expressions of interest in buying its loss-making UK business as a management buyout emerged as a potential saviour of thousands of jobs.
Critics of the UK’s climate policy have been quick to seize on the current steel crisis to suggest green measures are responsible for the industry’s problems.
Communities across the UK will be “crushed” if steel plants close, the Archbishop of Wales has warned.
The Business Secretary is arriving in Mumbai to hold talks with steel giant Tata as efforts continue to save thousands of jobs.
Tata has declined to comment on reports and rumours of potential buyers and investors into its loss-making UK steel business.
The Government has ruled out nationalising the steel industry to tackle the threat of thousands of job losses after the Prime Minister admitted there were no guarantees of resolving the current crisis.
The Prime Minister will chair a meeting in Downing Street to discuss the crisis gripping the steel industry amid growing fears of huge job losses.
UK union leaders have held talks in India ahead of a crucial board meeting of steel giant Tata which could decide the fate of thousands of workers.
The first meeting of a government-convened group aimed at tackling the crisis in the steel industry will be held on Wednesday.
Steelworkers from across the UK have travelled to Parliament to warn that their industry is still in crisis and needs support.
Steel company bosses will join thousands of steelworkers in a huge demonstration in Brussels on Monday calling for urgent action to help their crisis-hit industry. Hundreds of workers from the UK will be among those pressing for the European Commission to tackle cheap Chinese steel being “dumped” across Europe.
At the helm of the Tata Group for more than two decades, Ratan Tata took a biggest-is-best approach. Putting India’s largest conglomerate on steroids, he propelled Tata onto the world stage by adding marquee brands such as Land Rover, Jaguar, Tetley tea and New York’s Pierre hotel to the group producing much of the nation’s salt, steel, trucks, electricity, fertilizer and other basic goods. He also increased debt 11-fold in his final 10 years.
More steel jobs are set to be axed, plunging the industry into further crisis.
A joint venture between Tata Steel and Ramco Pipeline Services, has landed an award from the International Safety Quality Environment Management Association (ISQEM for its commitment to safety.
The steel industry is braced for fresh job losses amid a continuing crisis in the sector which has already led to the closure of a giant plant.