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U.K. agrees joint investment package with Tata Steel for country's largest steelworks in Wales .
Tata Steel expected to invest GBP 1.25 billion , including the government grant, in a new Electric Arc Furnace and related facilities for greener steel production at Port Talbot in South Wales .
Prime Minister Rishi Sunak said the investment will "modernise and secure a more sustainable future for the UK steel industry" Tata Steel employs over 8,000 people, including 12,500 further jobs in the upstream supply chain.
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