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Tata Steel buys coal from Russia weeks after vowing to cut ties: Report

Tata Steel bought 75,000 tonnes of Russian coal in May; company pledged to cut business ties with Russia in April; Tata Steel says coal import deal struck before April decision

Tata Steel
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A spokesman for Tata Steel said the deal to import coal from Russia was made before the company's announcement to cut business ties with Russia, without providing further details.

Reuters New Delhi
India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.
 
Tata Steel had said in April all its manufacturing sites in India, the UK and the Netherlands had sourced alternative supplies of raw materials to end its dependence on Russia, adding it was taking "a conscious decision to stop doing business with Russia."
 
Still, in May, Tata Steel shipped about 75,000 tonnes of PCI coal, used in steelmaking, from Russia's Vanino port, out of

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jun 20 2022 | 7:24 PM IST

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