British Steel

Britain said on Monday it was in talks with steel makers, including British Steel, owned by China's Jingye Group, and India's Tata to help secure the industry's long-term future

Gupta, who heads the privately-held GFG Alliance, has snapped up steel assets around the world and made repeated offers to buy British Steel

The company failed to get a last-minute rescue deal from the government after running into a cash crunch from Brexit uncertainty, as well as high energy and labor costs

The firm said that the plant had returned to profit in the first few months of its financial year,