Announced Tue, 25 Aug · 10:16 IST
Stay on Rs 1,755 crore coal mining demand from Jharkhand DMO
TATASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹186.30
prior close
₹184.77
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.4-0.3-0.2+1.8+0.3-0.1-1.0-1.7-1.5-1.8———
Up moveDown movePending
AI summary
Tata Steel won relief from a Rs 1,755 crore demand by Jharkhand's District Mining Office over alleged excess coal extraction of about 1.62 crore metric tonnes from its West Bokaro Colliery during FY 2000-01 to FY 2006-07. The Revisional Authority under the Ministry of Coal has admitted the company's Revision Application and directed respondents not to take any coercive action during the pendency of the case.
Likely market impact
Positive for shareholders: no immediate payment pressure from the Rs 1,755 crore demand; case to be decided on merits.