It's been 12 years since the company has been formally allotted 3,475 acres but is yet to get full possession
The multi-product SEZ has the potential to attract Rs 15,000 cr investments in areas like defence, electronics, LEDs and solar cells
JSW Steel has also submitted an EoI for Tata Steel UK and is now waiting for a go-ahead from Tatas side
Other bidders include commodities trading group Liberty House, investment firm Greybull and US steelmaker Nucor, among others
The stock gained 2.5% to Rs 337 on the BSE in otherwise range bound market.
Company's deal with Greybull Capital to close by June first week
Chairman Sanjeev Gupta said Port Talbot and its jobs could be saved if the giant blast furnaces were replaced with facilities to process imported slab steel into higher grade product or make steel from scrap metal rather than from iron ore
Jha said, Tata Steel UK had not released dividend in the past nine years despite spending £1.5 billion as capital expenditure, which included putting up a new blast furnace
Bimlendra Jha told British lawmakers that there were 'structural disadvantages' in the steel industry in Britain, which made production unprofitable
UK Govt offered hundreds of millions of pounds in support to potential buyers, including the option of taking a 25% stake in the firm alongside other buyers
Bimlendra Jha said there was no "dead drop" deadline for the sale of Tata's steel assets in Britain
He said they're coping with a massive oversupply, a collapse in prices, from China
The British government is searching for a way to save Port Talbot
Business Ministry added that the government would take no control over the business
Stuart Wilkie, MD of Tata Strip Products UK, is heading the buyout team for an official bid for the Port Talbot plant
Agency expects uncertain timelines associated with sale of entire loss-making UK steel business to delay expected recovery in credit profile
As the company fights to regain lost ground, the sale of its assets in the UK could boost its profitability globally
It announced signing of an agreement to sell its Long Products Europe business to family investment office, Greybull Capita
An improvement in operating performance of the group's India operations remains crucial for the company's credit profile, said the agency
According to the German newspaper, other options besides a joint venture are being discussed as well