SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Steel signs Euro 500 million Grant Funding agreement with UK Government

12 Sep 2024 Evaluate

Tata Steel has signed a Euro 500 million Grant Funding Agreement with the UK Government allowing it to proceed at pace with the project to install a state-of-the-art Electric Arc Furnace at the Port Talbot steelworks in Wales.

As the largest investment in the UK steel industry for decades, the Euro 1.25 billion project will safeguard UK’s steel sovereignty, secure steel making in Port Talbot and preserve 5,000 jobs. The new assets will reduce the UK’s entire industrial carbon emissions by 8% (and Port Talbot’s by 90%) while setting a benchmark in circularity, utilising UK scrap.

Alongside its planned Euro 750 million investment, Tata Steel has put its significant global engineering and project capabilities behind this project, which will benefit from an additional Euro 500 million in UK Government Grant Funding.

This is one of the largest industrial transition projects in the UK and its implementation has been enabled by the responsible approach of Tata Steel’s workforce, the UK Steel Committee representing the trade unions, and support of the UK Government.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer.

Tata Steel Share Price

212.05 1.35 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×