Besides, talks are continuing about putting together a longer-term financing package involving a consortium of banks, led by state-controlled Lloyds Banking Group, the Guardian said.
The conditions for the loans are believed to be more conventional than the terms demanded by the government this month for the short-term package and the Tatas are confident that progress is being made.
The report added that the Tatas are reviewing its spending plans for its UK subsidiary, which it bought 18 months ago, after it became apparent that it would not receive the level of financial backing from government it had hoped for.
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