Gupta sells out of ZEN Energy amid stalling steel sales

Whyalla steelworks owner Sanjeev Gupta has sold his company’s stake of South Australian company ZEN Energy back to its original owners, as the British billionaire’s GFG Alliance looks to cut costs globally.

No plans for "widespread" Whyalla job cuts after UK axings: steelmaker

GFG Alliance says it has no “plans for widespread workforce changes” at the Whyalla steelworks, but has refused to rule out future job cuts, after the company axed more than 350 jobs from its steel plants in the UK last week.

Executive Chairman of GFG Alliance Sanjeev Gupta. Photo: AAP/David Mariuz

Gupta in taxpayer guarantee talks for Whyalla steelworks

Sanjeev Gupta’s GFG Alliance has been in discussions with the State and Federal Governments over potential taxpayer support for the Whyalla steelworks, the company acknowledged today.