Tata Steel Limited ('Company') filed Revision Application(s) bearing Nos. 38, 39 and 40 of 2026 before the Hon'ble Revisonal Authority, Ministry of Coal, Government of India challenging the Demand Notice(s) issued by the District Mining Officer ('DMO'), Dhanbad, Jharkhand for an aggregate amount of INR 3,851.9 million, alleging excess production of coal beyond permissible limits, carried out by the Company at its collieries at Jharia, Jharkhand during the period Fiscal year 2000-01 to Fiscal year 2016-17. The matter was heard by the Hon'ble Revisional Authority, Ministry of Coal, Government of India.
Post hearing the matter, the Hon'ble Revisional Authority, Ministry of Coal, Government of India passed an order dated March 24, 2026, which order was received by the Company on March 27, 2026. In terms of the said order, the Hon'ble Revisional Authority, Ministry of Coal, Government of India has been pleased to admit the Revision Application(s) bearing Nos. 38, 39 and 40 of 2026 for consideration and has directed the Respondents /State Authorities of Jharkhand not to take any coercive steps against the Company pursuant to the impugned demand notices/letters, during the pendency of the present Revision Application(s).
Tata Steel Limited is an India-based global steel company. The Company and its subsidiaries have presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The Company offers a range of steel products including a portfolio of high value-added downstream products such as hot rolled, cold rolled, coated steel, rebars, wire rods, tubes and wires. Its segments include Tata Steel India, Neelachal Ispat Nigam Limited, Other Indian Operations, Tata Steel Netherlands Operations, Tata Steel UK Operations, Other Trade Related Operations, South East Asian Operations and Rest of the World. It serves customers across diverse markets including construction and infrastructure, construction retail, automotive and ancillaries, energy, engineering goods, packaging, and downstream. Its products include Automotive Steels, Galvano, Tata Agrico (Agriculture, Construction, and Hand Tools), Tata Astrum and others.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
