REG - Tata Steel Limited - General Update

TATA SteelAnnouncement

06/10/2025 07:00

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RNS Number : 0938C  Tata Steel Limited  04 October 2025

 
 

 

Ref: SEC/938/2025-26

October 4, 2025

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015

 

This has reference to the aforementioned subject.

 

On October 3, 2025, Tata Steel Limited ('Company') has received a Demand
Letter issued by the Office of Deputy Director of Mines, Jajpur, in connection
with assessment of shortfall in dispatch of Chrome Ore from the Company's
Sukinda Chromite Block, for the 5(th) year in terms of Mine Development and
Production Agreement (i.e., July 23, 2024 through July 22, 2025) 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 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 ₹2410,89,66,881/- based on sale
value of shortfall quantity and appropriation of performance security.

 

The Company believes that the State's demands lack justification/substantive
basis, and that it has good grounds to challenge the said demand, both on law
and merits. Accordingly, the Company will pursue suitable legal remedies
before the appropriate judicial and/or quasi-judicial forum(s).

 

It is pertinent to note that the Company has already challenged a similar
demand raised by the State for the 4(th) year amounting to ₹1902,72,53,760/-
by way of a writ petition filed before the Hon'ble Orissa High Court,
registered as WP(C) No. 22431 of 2025. By order dated August 14, 2025, the
Hon'ble Court was pleased to grant an interim stay, restraining the Government
authorities from taking any coercive steps pursuant to the impugned demand.
The said interim order was further extended by the Hon'ble Court on September
2, 2025, whereby the interim protection has been continued till the next date
of hearing.

 

This disclosure is being made by the Company in compliance with Regulations 30
and 51 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015.

 

This is for your information and records.

 

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