Tata Metal has not made any buy of PCI coal from Russia submit its April announcement of severing enterprise ties with Russia amid the continuing battle with Ukraine, an organization spokesperson stated on Wednesday.

On April 20, Tata Metal had stated it might cease doing enterprise with Russia. To make sure enterprise continuity, all its metal manufacturing websites in India, the UK and the Netherlands have sourced different provides of uncooked supplies to finish its dependence on Russia.

“Tata Metal want to situation a clarification in view of the wrong info floating round in some sections of the media with respect to the shopping for/ importing of coal from Russia,” the spokesperson stated.

A deal for provide of 75,000 tonne of PCI coal was finalised in March 2022 and the contract turned efficient weeks earlier than Tata Metal’s April announcement.

The cargo was acquired in Could 2022 to honour the enterprise dedication made earlier than the announcement.

“Put up the announcement, Tata Metal has not made any contemporary buy of PCI coal from Russia. As a accountable company, we now have and can proceed to stay dedicated to our said stance and ensuing obligations,” the spokesperson stated.

The pulverised coal is utilized by steelmakers within the blast furnace(BF) as an auxiliary gas. Pulverised Coal Injection (PCI) is a course of that includes injecting giant volumes of fantastic coal particles into the raceway of the BF. 

 

Additionally learn: Tata Metal imported 75,000 tonnes of Russian coal amid Ukraine warfare

Additionally learn: Tata Metal inventory falls 60% from April excessive: Do you have to purchase the dip?

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