Sanjeev Gupta, executive chairman of Liberty House, had announced his intention to bid for the UK assets
Disposal will help cut losses; Street looking forward to the sale of another unit in the UK
The government of Britain is under pressure to keep Tata's British steel plants open
Ind-Ra said the financial profile of the company has weakened
Greybull Capital to arrange £400-mn package for Scunthorpe unit
Jobs of 4,500 employees restored due to sale, say trade unions
The long products Europe business employs 4,800 people -- 4,400 in the UK and 400 in France
David Cameron, grappling with rows over Europe, his tax affairs, is trying to find a buyer for Tata's assets
Sanjeev Gupta, chief of Liberty House, is being dubbed UK's new 'man of steel' after he emerged as a potential saviour of 4,000 jobs
500 customers affected; firm says it referred itself to the fraud office after finding inappropriate testing and certification procedures during an internal audit
The firm achieved record sales of 9.54 mt in 2015-16 as against 8.75 mt in 2014-15
Criminal investigation underway over alleged fake certificates given on the composition of products before its sale, Telegraph reported
Sanjeev Gupta said changing raw material for steel plants to locally available scrap, from imported iron ore, would be best solution as long as power costs are manageable
Britain vouches for job security
Sajid Javid said that UK government will do everything it can to support any serious buyer
Port Talbot-its largest plant as well as of Britain's-is reportedly losing about $1.4 million a day
Move follows Tata Steel decision to sell its loss-making businesses in Britain
Sanjeev Gupta said he's ready to hold talks with UK govt to rescue the plants where 4,000 jobs are at stake
According to ISSB, China has produced more steel in last three years than Britain has since the industrial revolution
PM Cameron said there was no guarantee of a buyer for Tata Steel UK, but a state takeover was not the answer