28. Related party transactions
28. Related party transactions
The table below sets out details of transactions and loans between TSN, other Tata Steel companies, joint ventures and associates.
|
As at 31 March |
Note |
2026 |
2025 |
|
€m |
€m |
||
|
Sales to joint ventures |
58 |
70 |
|
|
Sales to associates |
111 |
129 |
|
|
Sales to other Tata Steel companies |
296 |
416 |
|
|
Purchases from joint ventures |
- |
- |
|
|
Purchases from associates |
56 |
38 |
|
|
Purchases of raw materials from other Tata Steel companies |
1,290 |
1,512 |
|
|
Other purchases from other Tata Steel companies |
136 |
255 |
|
|
Net recharges to other Tata Steel companies |
(35) |
(42) |
|
|
Amounts owed by other Tata Steel companies |
12 |
40 |
66 |
|
Amounts owed by joint ventures |
12 |
7 |
8 |
|
Amounts owed by associates |
12 |
16 |
14 |
|
Amounts owed to other Tata Steel companies |
14 |
318 |
280 |
|
Amounts owed to associates |
14 |
2 |
3 |
|
Derivative with other Tata Steel companies |
10 |
- |
|
|
Tax payable/(receivable) to TSNH |
11 |
(169) |
(154) |
|
Loans from other Tata Steel companies |
15 |
- |
22 |
Transactions with related parties are made on terms equivalent to those that prevail in arm’s length transactions.
Details of transactions with key management personnel are given in ‘Further notes to and signing of the annual accounts’.