Mumbai, 2/9: The British government is in advanced talks with Tata Steel, the country’s biggest steel producer, to provide 500 million pounds ($629 million) of funding to help secure the long-term future of a key part of its steel industry, SThe funding would be pumped into the Port Talbot steelworks in south Wales alongside 700 million pounds ($881 million) from Tata Steel’s Indian parent company and a commitment from the company to build electric arc furnaces, Sky News said.
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