On July 3, 2025, Tata Steel Limited received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur, in connection with revised assessment of shortfall in dispatch of minerals from the Company's Sukinda Chromite Block, for the fourth year in terms of Mine Development and Production Agreement (that is July 23, 2023 through July 22, 2024) in alleged violation of Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules, 2016, and consequent appropriation of performance security. The revision in assessment is based on declaration of average sale price notified by the Indian Bureau of Mines. The alleged shortfall in mineral dispatch by the Company as per the aforementioned Mine Development and Production Agreement for Sukinda Chromite Block has resulted in an aggregate demand of INR 19,027,253,760 including sale value of shortfall quantity and appropriation of performance security.
The Management believes that the State's demands lack justification and substantive basis. Accordingly, the Company will pursue suitable legal remedies before the appropriate judicial or quasi-judicial forum(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.
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