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MUMBAI - Tata Steel (NSE:TISC) Limited (BSE:TATA) has received a ₹190.27 billion ($1.9 billion) demand letter from the Office of Deputy Director of Mines in Jajpur, according to a regulatory filing made by the company today.
The demand relates to an alleged shortfall in dispatch of minerals from the company’s Sukinda Chromite Block for the period spanning July 23, 2023, through July 22, 2024. Authorities claim the shortfall violates Rule 12A of the Minerals Concession Rules, 2016.
According to the filing, the assessment is based on the average sale price notified by the Indian Bureau of Mines and includes both the sale value of the allegedly short-supplied quantity and appropriation of performance security.
The demand letter was received by Tata Steel on Thursday, July 3, 2025.
Tata Steel stated that its management believes "the State’s demands lack justification and substantive basis." The company plans to "pursue suitable legal remedies before the appropriate judicial or quasi-judicial forum(s)."
The matter concerns the fourth year of the Mine Development and Production Agreement for the Sukinda Chromite Block.
The disclosure was made in compliance with regulations of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements.
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