Tata Steel’s shares rose 3% after the company secured a £500 million (₹5,474 crore) grant from the U.K. government for a green steel project in Port Talbot.
This grant is part of a larger £1.25 billion (₹13,688 crore) investment aimed at installing a new electric arc furnace, transforming steel production in the U.K. The project will cut U.K. industrial carbon emissions by 8% and reduce emissions at Port Talbot by 90%, supporting 5,000 jobs and enhancing environmental sustainability.