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Tata Steel Wins Interim Relief in Jharkhand Mining Case

Tata Steel Wins Interim Relief in Jharkhand Mining Case
Tata Steel Gets Interim Relief In ₹1,755 Crore Jharkhand Mining Demand Case · freepressjournal.in

The Jharkhand government asked Tata Steel to pay ₹1,755 crore over alleged extra coal mining.

The issue relates to coal taken from West Bokaro Colliery many years ago.

Tata Steel says the demand is not properly justified.

In April, the company asked a coal ministry authority to review the demand.

The authority has agreed to consider Tata Steel’s application.

It also told the authorities not to take forceful action against the company while the case continues.

This is only temporary relief, so the dispute has not been finally decided.

Tata Steel also plans to invest ₹11,000 crore in Jharkhand for advanced steel production.

Key facts

Demand amount
₹1,755 crore
Alleged excess extraction
16.24 million tonnes of coal
Colliery
West Bokaro Colliery
Alleged period
2000-01 to 2006-07
Interim direction
Authorities must not take coercive steps against Tata Steel while the revision application is pending.
Planned Jharkhand investment
₹11,000 crore
Planned investment location
Tata Steel’s Jamshedpur facility

Quotes

Tata Steel

The company responding through its regulatory filing

“the Revision Application filed by Tata Steel Ltd has been admitted for consideration. The respondents are directed not to take any coercive steps against the Applicant pursuant to the impugned demand notices/letters, during the pendency of the present Revision Application”
freepressjournal.in

Sources

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