His firm is conducting due diligence of the Tata Steel operations and have held talks with the Tata Group over the prospect of acquiring the unit and saving thousands of jobs.
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In their letter to Mr Mistry, Unite officials at JLR said: “We are mindful of the assurances that you gave to the United Kingdom steel unions that the company would behave in a responsible manner and would sell to a responsible buyer if it had to”.
Speaking before a meeting with the business secretary, Gupta said the biggest obstacle to reviving the loss-making business was the giant blast furnace at Port Talbot.
He previously told City A.M. any deal would depend on the extent of the investment Liberty House would be expected to commit to, how much the government and Tata would put in, and whether a deal can be reached on the carbon tax.
On his arrival in the United Kingdom for his talks with Mr Javid, Mr Gupta repeated a pledge he made in a Sky News interview last week that he would not undertake anything which would require mass redundancies.
“At this morning’s meeting, Carwyn Jones and I will look at how London and Cardiff can work together to make sure that the plant has a solid future and end the uncertainty for workers and their families”, he said.
“We are hopeful that the deal between Tata Steel and Greybull can be completed soon”.
He hit the headlines last October for restarting the hot rolled coil production at its rolling mill in Newport, South Wales, after a 40-year hiatus.
Mr Javid disclosed that the Government had known “a few weeks ago” that Tata was reviewing its United Kingdom operations and had persuaded it not to go ahead with the immediate closure of Port Talbot.
The business secretary said he wants Tata to agree a process for selling its United Kingdom steel business when they meet in Mumbai on Wednesday. The Government must fully explore how it can provide time-limited life support to the Tata Steel business especially if an investor is not found in the near future.
“Everyone is very motivated to find a solution”, he said referring to the Tata Steel UK crisis.
Mr Javid will join a meeting in Downing Street with Prime Minister David Cameron and the First Minister of Wales, Carwyn Jones, before holding talks with union leaders later on Tuesday.
However, Port Talbot is reportedly losing £1 million (1.3 million euros, $1.4 million) a day in the face of high energy costs and plunging prices caused by a chronic global oversupply of steel and a glut of cheap imports, particularly from China.
“The apparent lack of urgency from Sajid Javid and absence of a clear plan from the Government is disturbing for the tens of thousands whose livelihoods hang in balance and deeply troubling for British Steel’s 140,000 pensioners”.
Britain imported 826,000 tonnes of Chinese steel in 2015, up from 361,000 two years earlier, according to the International Steel Statistic bureau.
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Tata Steel Europe had announced its plans to sell its United Kingdom steel business last week after a “strategic review” by its board, throwing the industry into chaos.
