UK Government may Have to do More to Help Tata Find Buyer for UK Assets, CEO Says

The British govt will have to do more to help India\'s Tata Steel to find a buyer for its steel plants in the country.

Published: 28th April 2016 02:55 PM  |   Last Updated: 28th April 2016 03:52 PM   |  A+A-

LONDON - 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.


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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