Announced Sat, 4 Apr · 13:19 IST
Tata Steel gets ₹1,755 cr demand notice for alleged excess coal mining
Regulatory & Legal View source PDF
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
+2.3%1-day move
₹193.50
prior close
₹193.02
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.2-0.4+0.9+2.3+5.6+5.9+6.9+6.5+8.9+11.4+11.2+4.2-1.4
Up moveDown movePending
AI summary
Tata Steel received a demand notice from the District Mining Office, Ramgarh (Jharkhand) for ₹1,755.10 crore, alleging excess extraction of ~16.24 million MT of coal from its West Bokaro Colliery during FY 2000-01 to FY 2006-07. The notice follows grounds similar to the Supreme Court's Common Cause vs. Union of India ruling. The company says the demand lacks merit and will pursue legal remedies.
Likely market impact
Contingent liability of ~₹1,755 cr; company will contest, so financial hit depends on legal outcome. Watch for case updates.