Tata Steel will pursue different paths for the two European businesses in the Netherlands and the UK with a focus on making each of them self-sustaining and accountable individually.
In a statement to The Telegraph, Koushik Chatterjee, executive director and chief financial officer of Tata Steel Limited, said, “We have been in discussions with the UK government in exploring several options and what it means to the different stakeholders. In the Netherlands, our engagement with the government is on the long-term decarbonisation plan and how to ensure that there is a sustainable pathway for transition to the decarbonisation agenda set by the Dutch government. I think all stakeholders realise that we have to work together in this journey as it involves technology choices for the transition, especially on hydrogen. This is an ongoing dialogue and we have a decarbonisation plan to reduce CO2 in the Netherlands in the next decade.
Questioned about the on-going negotiations with the UK government, he further added, “We have been in discussions with the UK government in exploring several options and what it means to the different stakeholders. In the Netherlands, our engagement with the government is on the long-term decarbonisation plan and how to ensure that there is a sustainable pathway for transition to the decarbonisation agenda set by the Dutch government. I think all stakeholders realise that we have to work together in this journey as it involves technology choices for the transition, especially on hydrogen. This is an ongoing dialogue and we have a decarbonisation plan to reduce CO2 in the Netherlands in the next decade.”
