More Stories

Informist, Tuesday, Dec. 23, 2025

 

MUMBAI – Tata Steel Ltd. Tuesday said that the Odisha High Court has extended the interim protection against two demand orders of INR 19.03 billion and INR 24.11 billion issued by the Office of Deputy Director of Mines, Jajpur, on Jul. 3 and Oct. 3, respectively. The high court has restrained the mines department from taking any action against the company until the next date of hearing on Jan. 8, the company said in an exchange filing.

 

On Dec. 13, the court had extended interim protection against the orders till Dec. 19. Both the demand orders were issued with respect to assessment of shortfall in dispatch of minerals from the company's chromite block in Sukinda, Odisha, as per the terms of the mine development and production agreement. The company had filed a writ petition with the Odisha High Court on Aug. 8 to quash the INR 19.03-billion demand order and filed another writ petition on Oct. 29 to quash the demand order of INR 24.11 billion. 

 

For the quarter ended September, Tata Steel reported a consolidated net profit of INR 31.02 billion on revenue of INR 586.89 billion. On Tuesday, shares of the company closed 1% higher at INR 170.90 on the National Stock Exchange.  End

 

Reported by Simran Rede

Edited by Vandana Hingorani

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.