Tata Steel Share Price in Focus; Receives Extended Interim Relief in Sukinda Chromite Block Litigation

Tata Steel has provided an update on two ongoing legal matters concerning demand notices issued in relation to its Sukinda Chromite Block.

Both petitions, previously filed before the Orissa High Court, seek to challenge assessments raised by the state mining authorities.

The Court has now continued interim protection for the company, with the next hearing scheduled for mid-December.

First Writ Petition Related to Fourth-Year Assessment

In July 2025, Tata Steel received a demand from the Deputy Director of Mines, Jajpur, concerning an alleged shortfall in mineral dispatches during the fourth year of its Mine Development and Production Agreement, covering July 2023 to July 2024.

The company approached the Orissa High Court in early August, requesting that the notice be set aside. 

The Court grouped the matter with other comparable cases and granted temporary relief, preventing enforcement action. This protection remained in place until early December.

Second Writ Petition on Fifth-Year Assessment

A similar demand was issued on 3 October 2025 for the subsequent contract year, relating to dispatches between July 2024 and July 2025. 

Tata Steel challenged this notice later that month through a second writ petition. On 21 November 2025, the High Court again provided interim protection, prohibiting authorities from taking coercive steps until the case could be heard.

Current Judicial Position

Both petitions were presented before the Orissa High Court on 3 December 2025.

According to the order released the following day, the Court has extended interim relief for both matters.

The protection will continue until the next hearing, scheduled for 12 December 2025.

Corporate Action History

Tata Steel’s corporate actions in recent years include a past dividend payout relating to the financial year prior to June 2025. The company had announced a dividend of ₹3.60 per share, with both the ex-date and record date falling on 6 June 2025.

Shareholders whose names appeared in the company’s register on the record date—typically maintained through their demat accountwere eligible to receive this distribution.

Tata Steel Share Price Performance

Tata Steel Limited Share Price traded marginally lower at ₹166.54, reflecting a slight dip of ₹0.23 or 0.14% during the session. The stock opened at ₹167.00, moving within an intraday range between ₹165.00 and ₹167.30, following a previous close of ₹166.77.

Read More: India’s Steel Industry Hit by Influx of Cheap Imports, Mills Cut Output.

Conclusion

Tata Steel has confirmed that it continues to comply with disclosure obligations under SEBI regulations while the legal process progresses.

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