This Indian-origin guy can save Tata Steel's UK business from imminent shutdown and pink slips

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This Indian-origin guy can save Tata Steel's UK business
from imminent shutdown and pink slips
Liberty House, a firm by Sanjeev Gupta has confirmed its bid for Tata Steel in UK . Gupta has rescued several steel plants and hundreds of jobs in the UK so far.

"We can confirm that Liberty will submit a letter of intent to Tata Steel on Tuesday and has put in place a strong internal transaction team and panel of leading external advisers to take the bid forward," a Liberty House spokesperson was quoted as saying by 'The Financial Times'.

Gupta's interest in Tata Steel however comes with a twist. He has a turnaround plan that may cost as much as £1 billion by shutting down the blast furnaces and instead produce steel from the scrap generated in domestic market.
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Gupta is currently being advised by several former Tata Steel executives including Jon Bolton.

Image credit: Indiatimes