Stay on Rs 1,755 crore coal mining demand from Jharkhand DMO

Regulatory & Legal View source PDF Explain this filing

TATASTEEL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹186.30

prior close

₹184.77

announcement price

In-mkt

timing

Nifty 100market+0.5%-0.2% vs market

Iron & Steel peers, median of 10sector-0.3%+0.6% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.6 pts more than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.4

15m

-0.3

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.5-0.2-0.3+0.6

Next day

+1.8+0.1+1.7+1.7+0.0

+0.3-0.3+0.6+0.8-0.6

-0.1-0.1+0.0+0.9-1.0

-1.0-0.5-0.5-0.5-0.6

-1.7-0.8-0.8-0.5-1.2

-1.5-1.4-0.1-0.3-1.2

15d

-1.8-4.3+2.5-3.3+1.5

+0.9-4.2+5.1-3.1+4.0

-9.3-6.8-2.5-8.5-0.8

—————

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.