Tata Steel halts port Talbot coke ovens
PORTS & SHIPPING

Tata Steel halts port Talbot coke ovens

Tata Steel announced on Monday its decision to halt operations of coke ovens at the Port Talbot plant in Wales, citing a deterioration of operational stability. The closure of coke ovens, which are essential manufacturing plants for producing coking coal, a vital raw material in steelmaking, reflects the company's strategic adjustments in response to ongoing challenges.

In response to the closure, Tata Steel UK stated it would augment imports of coke to mitigate the effects of the shutdown. This decision aligns with the company's broader objective of revamping its UK steelmaking business to enhance sustainability and competitiveness.

Earlier this year, Tata Steel unveiled plans to close two blast furnaces in Britain by the year's end, part of its strategy to transition towards lower carbon electric arc furnaces.

The CEO, T.V. Narendran had previously indicated that the closure of these plants could result in 2,800 job losses at the Port Talbot facility, a development contested by three trade unions.

Tata Steel affirmed its ongoing engagement with trade unions in the UK, characterising discussions as being in an advanced stage. Following the restructuring, the steelmaker intends to adopt low-carbon electric arc furnaces, with substantial government funding support, marking a significant shift in its operational approach. Adani Group stocks, bonds fall as the US said to widen probe.

Tata Steel announced on Monday its decision to halt operations of coke ovens at the Port Talbot plant in Wales, citing a deterioration of operational stability. The closure of coke ovens, which are essential manufacturing plants for producing coking coal, a vital raw material in steelmaking, reflects the company's strategic adjustments in response to ongoing challenges. In response to the closure, Tata Steel UK stated it would augment imports of coke to mitigate the effects of the shutdown. This decision aligns with the company's broader objective of revamping its UK steelmaking business to enhance sustainability and competitiveness. Earlier this year, Tata Steel unveiled plans to close two blast furnaces in Britain by the year's end, part of its strategy to transition towards lower carbon electric arc furnaces. The CEO, T.V. Narendran had previously indicated that the closure of these plants could result in 2,800 job losses at the Port Talbot facility, a development contested by three trade unions. Tata Steel affirmed its ongoing engagement with trade unions in the UK, characterising discussions as being in an advanced stage. Following the restructuring, the steelmaker intends to adopt low-carbon electric arc furnaces, with substantial government funding support, marking a significant shift in its operational approach. Adani Group stocks, bonds fall as the US said to widen probe.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?