Tata Steel planning to defer vendor payments by 45 days - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Tata Steel planning to defer vendor payments by 45 days

Tata Steel told vendors that while it remains operational, India’s largest steel maker has been facing challenges in ensuring raw material availability and transportation. It had built a relationship based on trust and transparency with various stakeholders and that these were unprecedented times that needed a collaborative approach. Asian Paints too seeks to delay payments by 30 days.

from Industry-Economic Times
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