Status quo is not an option for Tata Steel UK: MD, TV Narendran

If better fiscal support from Westminster for upgrading Tata Steel’s assets in the country doesn't come through quickly, Asia's oldest manufacturer of the alloy may have to pull the plug on its UK operations, TV Narendran, managing director, tells Nikita Periwal and Nehal Chaliawala.

The Rishi Sunak led government’s earlier proposal barely covered a fifth of the estimated capital cost required at Port Talbot steelworks, Narendran said.