Tata Metal has not made any buy of PCI coal from Russia put up its April announcement of severing enterprise ties with Russia amid the continued battle with Ukraine, an organization spokesperson mentioned on Wednesday.
On April 20, Tata Metal had mentioned 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 various provides of uncooked supplies to finish its dependence on Russia.
“Tata Metal want to problem a clarification in view of the wrong data floating round in some sections of the media with respect to the shopping for/ importing of coal from Russia,” the spokesperson mentioned.
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 Might 2022 to honour the enterprise dedication made earlier than the announcement.
“Submit the announcement, Tata Metal has not made any recent buy of PCI coal from Russia. As a accountable company, now we have and can proceed to stay dedicated to our said stance and ensuing obligations,” the spokesperson mentioned.
The pulverised coal is utilized by steelmakers within the blast furnace(BF) as an auxiliary gasoline. Pulverised Coal Injection (PCI) is a course of that entails injecting massive volumes of positive coal particles into the raceway of the BF.