Tata Steel to break ties from its business with Russia

22 Apr 2022 CW Team

Tata Steel will stop its business with Russia, making it the latest global company to cut ties for invading Ukraine.

The spokesperson of Tata Steel told the media that the company does not have any operations or employees in Russia and has decided to stop doing business with Russia.

The company said that to ensure business continuity, all the company's steel manufacturing sites in India, the UK, and the Netherlands have found alternative supplies of raw materials to cease its dependence on Russia.

Tata Steel is among a few Indian companies that have concluded business with Russia with the initiative coming, even as India abstains from condemning the invasion and has not imposed sanctions on Moscow.

Recently, Infosys announced that it would move the business out of Russia.

Western allies have called on India to speak out against the Russia-Ukraine war. Many western companies have withdrawn businesses from Russia.

According to a report, the company will end its business ties, and businesses in UK and Netherlands are a part of this decision.

A senior executive of Tata Steel told the media that sourcing coal from Russia was miniscule.

Image Source

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..