Tata Steel's arm here said it had got $130 million as final settlement from the consortium of global steel buyers which had prematurely terminated, in May 2009, a 10-year purchase contract.
The arbitration tribunal upheld the Tata claim that agreement was not validly terminated. On January 5, Tata Steel UK received a partial final award in its favour.
Tata Steel, in a statement issued to the stock exchanges in India, said, "Following that partial final award, a commercial settlement to all disputes relating to the offtake agreements was reached and on June 21,
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