According to the BBC Tata the Indian Steel giant as announced its plans to spend £800 million at its Welsh plant in the coming five years. However an initial investment £240m has already been put forth towards the Port Talbot steel works. This was announced by first minister Carwyn Jones after the meeting with leaders of the company on his last visit to India 7 days ago. The company who employs around seven thousand five hundred people in Wales.
With £185m being spent on rebuilding the number four blast furnace located at Port Talbot, in which the initial work is scheduled to start in June 2012.
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