AN Indian owned steel firm, Liberty House, is said to be a new potential buyer of two of Tata Steel's Scottish plants, on the verge of closure due to the crisis in the industry.

Liberty House, headed by managing director Sanjeev Gupta, had recently acquired a number of units of another UK-based steel firm, Caparo Industries, owned by noted NRI industrialist Lord Swraj Paul.

While the company has refused to comment at this stage, Scotland's business minister has indicated that a potential deal may be in the works for acquiring the Dalzell and Clydebridge plants in Scotland's Lanarkshire region.

"I met Liberty management last week to outline the range of potential support that would be available from the Scottish Government and Scottish Enterprise should it succeed in a buyout," minister Fergus Ewing.

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