By Neha Arora and Hritam Mukherjee NEW DELHI (Reuters) -Planned job cuts in Britain by India’s Tata Steel were the “least bad option,” and the company will continue to hold talks with unions and hopes to reach a conclusion over the next two months, CEO T V Narendran said. The steelmaker will close its two blast furnaces in Britain by the end of this year, axing up to 2,800 jobs at its Port Talbot steelworks in Wales. The plan, however, has been rejected by three trade unions – Community, Unite, and GMB – who said they would consult members on next steps, including industrial action. “We are ex…