Did Tata Steel truly cut Russian business ties as pledged?

Question

Accepted Answer

Tata Steel Imported Russian Coal Weeks After Pledging to End Business Ties

Tata Steel imported approximately 75,000 tonnes of Russian coal in the latter half of May, a period following its public commitment to cease business with Russia. The company stated that the specific coal import deal was finalised before its announcement to suspend business activities with Russia.
Coal Shipment Details

The consignment of Pulverised Coal Injection (PCI) coal, essential for steelmaking, was shipped from Russia's Vanino port aboard the vessel Panamax Ostria. Of the total 75,000 tonnes, 42,000 tonnes were discharged at Paradip on May 18, with the remaining 32,500 tonnes offloaded in Haldia.
Company's Explanation for the Import

A spokesperson for Tata Steel clarified that the agreement to procure coal from Russia was established prior to the company's decision to sever business connections with the country. This explanation aims to address the timing of the import relative to the pledge.
Confirmation of No Further Purchases

Following its announcement to cease business with Russia, Tata Steel confirmed that no additional purchases of PCI coal from Russia have been made. This statement indicates a commitment to halt future transactions after the specified period.

Reading history

Hide →

This history is cleared when the page is closed.

Did Tata Steel truly cut Russian business ties as pledged?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends