Out of 1.5 billion pounds, 500 million pounds are funded by the UK government.
Tata Steel aims to start operating in the project by 2027 as per the company’s annual report for FY2024-25.
In a statement, Tata Steel said, “Work on the EAF project is progressing with construction in Port Talbot to start this month.”
The company has received the required approval for its USD 1.5 billion project in Port Talbot, Tata Steel CEO and MD TV Narandran, and Ed & CFO Kushik Chatterjee said in the company’s annual report for FY2024-25.
The management said, “We are now infection for decarbonies and state-of-the-art EAF-based steelmaking for EAF-based steelmaking up to fY2027-28, supported by 500 million pounds in the UK government’s funding,” the management said. India -based Tata Steel is the owner of 3 million tonnes per year at 3 million tonnes per year at Port Talbot in South Wales. As part of its efforts to reduce carbon emissions, the company is infection in a low-furnace electric arch furnace process from the blast furnace route, which will use locally available scrap. The company’s upstream operations in the UK have stopped, and Tata Steel is using the substrate from India and the Netherlands to serve the current customers in the UK.
The delivery from the UK was at 0.60 million tonnes (MNT) in the June quarter, compared to 0.68 MNT in the first quarter of FY 25.
In India, Netherlands and Thailand, Tata Steel production was almost flat at 5.26 MNT, 1.70 mNT and 0.33 MNT respectively.
The delivery at the April-June quarter of 2025-26 from India was 4.75 MNT, 1.50 MNT from Netherlands and 0.34 MNT in Thailand.
The shutdown related to maintenance in Nilachal Ishapat Nigam Limited (NINL) along with Jamshedpur (G Blast Furnace resin) has fallen in a decline in the finished freight production by adversely affecting our delivery. The operation has been resumed in NINL since then and the G Blast Furnace reconsideration has been moving forward and is expected to be completed in July 2025, the company said.
