Exclusive – India’s top cement maker pays for Russian coal in Chinese yuan
By Sudarshan Varadhan, Aftab Ahmed and Nupur Anand NEW DELHI (Reuters) – India’s largest cement producer UltraTech Cement is importing a shipment of Russian coal and paying in Chinese yuan, according to an Indian customs document reviewed by Reuters, a rare payment method that traders say could become more common. UltraTech is bringing 157,000 tonnes […]