Tata Steel Hit With ₹19.03 Billion Demand Over Sukinda Chromite Shortfall

Tata Steel Ltd. has received a demand notice of ₹19.03 billion from the deputy director of mines in Jajpur, Odisha, over a revised shortfall in mineral dispatches from its Sukinda chromite block. The reassessment is based on updated average sale prices notified by the Indian Bureau of Mines, the company said in an exchange filing on Friday.

Calling the demand unjustified and lacking substantive basis, Tata Steel said it intends to challenge the order through appropriate legal recourse.