Tata Steel has issued an update regarding ongoing legal proceedings connected to the Sukinda Chromite Block, following a substantial demand raised by the mining authorities and the company’s subsequent legal response.
On October 3, 2025, Tata Steel received a demand of ₹2,410,89,66,881 from the Office of the Deputy Director of Mines, Jajpur. This demand pertained to an alleged shortfall in dispatch of chrome ore for the 5th year of the Mine Development and Production Agreement covering July 23, 2024, to July 22, 2025. The authorities linked the demand to an alleged breach of Rule 12A of the Minerals Concession Rules, 2016.
The company challenged this demand by filing Writ Petition Civil No. 31,035 of 2025 before the Orissa High Court on October 29, 2025, seeking to quash the letter issued by the mining department.
The High Court heard the matter on November 21, 2025. On the same day, it issued an order tagging Tata Steel’s Writ Petition with other petitions involving similar issues. The court also granted interim protection by directing that no coercive measures be taken against the company until the next hearing scheduled for December 3, 2025.
Read More: Tata Steel's European Arm to Acquire Vattenfall Power Generation Netherlands for ₹1,450 Cror!
The dispute centres on performance security and assessments related to ore dispatch obligations under the Mine Development and Production Agreement. The company maintains that the demand lacks justification and has sought judicial intervention to address the matter. The legal process will continue once the High Court resumes hearings in December.
As of November 24, 2025, at 9:20 AM, Tata Steel share price on NSE was trading at ₹167.79 down by 0.13% from the previous closing price.
Tata Steel’s update indicates that the High Court has provided interim protection regarding the chrome ore demand, with further hearings pending. The case remains under judicial consideration as part of a broader group of similar petitions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Nov 24, 2025, 12:07 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
