Tata Steel Ltd

Tata Steel Wins Key Legal Ruling: High Court Quashes Mining Demands ⚖️📉

- Tata Steel Limited received two demand letters from the Office of Deputy Director of Mines, Jajpur: Demand Letter 1 (July 3, 2025) for ₹190,272,53,760 and Demand Letter 2 (October 3, 2025) for ₹241,089,66,881.

- The demands were related to alleged shortfall in dispatch of minerals from the Sukinda Chromite Block for the 4th and 5th year of the Mine Development and Production Agreement, citing violation of Rule 12-A of MCR 2016.

- Tata Steel filed two writ petitions: Writ Petition No. 22431/2025 (August 8, 2025) challenging Demand Letter 1 and Writ Petition No. 31035/2025 (October 29, 2025) challenging Demand Letter 2.

- The High Court of Orissa at Cuttack restrained authorities from taking coercive steps and extended interim orders multiple times until the matters were reserved for judgment on February 2, 2026.

- On April 20, 2026, the High Court pronounced its judgment, which was received by Tata Steel on April 27, 2026.

- The Court ruled that Rule 12A amendments are constitutionally valid and applicable prospectively from July 1, 2021, not retrospectively.

- The Mining Plan prevails over the Mine Development and Production Agreement (MDPA) in case of inconsistency.

- The Court quashed all demand notices issued by the State Government that were contrary to its conclusions, including Demand Letter 1 and Demand Letter 2.

- Tata Steel believes both demand letters stand quashed as per the High Court's directions.

- This disclosure is made under SEBI Listing Regulations 30 and 51.