Tata Steel announced in the wake of war between Russia and Ukraine
India’s well-known steel company Tata Steel has given a big decision. In the wake of the two-month-long war between Russia and Ukraine, Tata Steel has announced the closure of its business with Russia. In this regard, a company spokesperson said in a statement, “Tata Steel does not have any operations in Russia, nor does it have employees there. Now we have taken a thoughtful decision to close business with Russia.
Let us tell you that Tata Steel imports coal from Russia to run its factory and make steel. However, in an official statement from Tata Steel, it has been said that the company’s dependence on Russia for business continuity has ended, but for this all steel manufacturing plants in India, UK and Netherlands have made arrangements for alternative supply of raw materials. . The company has procured limited quantities of coal from Russia for its various operations. With this decision, now Tata Steel has also become one of the few companies in the country that have ended their business with Russia.
Let us tell you that earlier the country’s leading IT company Infosys had also announced to wind up business with Russia in the wake of the war. All European countries including America are asking India and Indian companies to take steps against Russia. Many big companies are also withdrawing their business from Russia. Apart from India, the company has steel factories in the UK and the Netherlands. The company says that raw material is being arranged from alternative markets to keep the supply in these factories right.
It is worth noting that India’s stand in this whole matter is still different. India has criticized the war everywhere in the United Nations but has stayed away from voting against Russia.