Tata Steel Completes First eBL Coal Import From Australia

15 Jul 2025 CW Team

Tata Steel has successfully completed its first coal import shipment using an electronic bill of lading (eBL), marking a major milestone in digitising global trade. The fully paperless transaction involved the import of coal from Queensland, Australia to Dhamra Port in Odisha, with complete bank integration under a letter of credit.

This is Tata Steel’s first fully digitalised import transaction and reflects the company’s continued shift towards technology-driven, sustainable supply chains. The deal saw coordinated execution between Tata Steel India, TS Global Procurement, ICICI Bank, Standard Chartered Bank (Singapore), and ICE Digital Trade, the provider of the eBL platform.

Replacing the traditional paper-based bill of lading, the digital system eliminates reliance on couriers, accelerates documentation, reduces operational risks, and enhances environmental sustainability. This innovation also aligns with Tata Steel’s broader sustainability goals, including the use of emission-efficient vessels and the growing adoption of biofuels and LNG-powered ships for imports.

Peeyush Gupta, Vice President – TQM, GSP & Supply Chain, stated that adopting eBL has helped the company overcome traditional trade bottlenecks and established a new benchmark in global logistics. He added that this transition reinforces Tata Steel’s commitment to a supply chain that is efficient, secure, and environmentally responsible.

This is not Tata Steel’s first digital trade breakthrough. In April 2021, the company executed a blockchain-enabled, paperless steel export to a UAE customer, followed by another such export to a metals major in Bangladesh in November of the same year.

https://www.psuconnect.in/sdsdsd/HUDCO_Inks_Rs_1_Lakh_Crore_Pact_with_MPUDCL_to_Drive_Urban_Infrastructure_Projects.jpg

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..