Tata Steel Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
TATASTEEL · price
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Tata Steel has filed a writ petition in the Orissa High Court at Cuttack challenging a demand notice of ₹1,90,72,53,760 (about ₹190.73 crore) from the Office of Deputy Director of Mines, Jajpur. The demand relates to an alleged shortfall in mineral dispatch from its Sukinda Chromite Block during the fourth year (July 23, 2023 to July 22, 2024) of the Mine Development and Production Agreement, under Rule 12-A of the Minerals Concession Rules, 2016. The revised assessment was based on the average sale price notified by the Indian Bureau of Mines. The amount includes the sale value of the shortfall quantity plus appropriation of performance security. This is an update to Tata Steel's earlier disclosure dated July 4, 2025, and the company is seeking to quash the demand letter entirely.
The ₹190.73 crore is a contingent exposure — if the court rules against Tata Steel, it could hit earnings, though the company is actively contesting. For now, operations at Sukinda are not disrupted, but investors should track the High Court's outcome as a material risk event.