Tata Group in crisis, TATA Steel sued for Rs 13,000 crore abroad; What is the matter?
- Case against Tata Company abroad in Netherlands
- A claim filed by a Dutch NGO
- A case of Rs 13 thousand crore has been filed against Tata Steel Plant
A Netherlands-based NGO has filed a lawsuit against two subsidiaries of Tata Steel for $1.6 billion (approximately ₹13,000 crore). The company informed stock markets on Thursday that a Dutch NGO has filed a lawsuit against its Dutch unit. The lawsuit seeks damages of approximately $1.6 billion (approximately ₹13,000 crore). The organization Stichting Fris Wind (SFW) filed the case in a district court in the Netherlands.
of Tata Steel The NGO alleged that toxic and harmful substances emitted from the IJmuiden plant are adversely affecting the health of nearby residents. The organization has also claimed that due to pollution, the prices of houses there have decreased as compared to other areas. Tata Steel has dismissed the allegations as completely baseless and fictitious. The company said the NGO had not presented any concrete evidence to support its claims. Tata Steele is fully prepared to fight the case legally.
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Company’s argument
The company also said it has strong grounds to support the lawsuit and will challenge the claims. The company has invested in reducing emissions and is working closely with government officials as part of its Green Steel Plan. This year, the company also launched a $7 billion project on decarbonization and health in collaboration with the Dutch government.
Increasing pressure on the company
The lawsuit is part of growing pressure on Tata Steel’s European units over environmental issues. In 2024, Dutch regulators tightened their grip on the company, threatening fines of approximately 27 million euros. He also warned that if toxic gases from the coke plant in the port city of Ijemuiden were not reduced, the plant would be closed.
In early 2022, Dutch prosecutors opened an investigation into whether the company and one of its partners knowingly contaminated soil, air and water with hazardous substances. Tata Steel says it is examining the documents and its defense is strong. The lawsuit will proceed under class action rules, with two phases expected to take two to three years. In early September, the company announced plans to reduce emissions in the Netherlands by up to 6.5 billion euros, with the Dutch government contributing up to 2 billion euros.
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