In the information given to the stock market on Saturday, Tata Steel said that the company has received a demand notice of more than Rs 1755 crore from the District Mining Office (DMO) located in Ramgarh, Jharkhand.
In the information given to the stock market on Saturday, Tata Steel said that the company has received a demand notice of more than Rs 1755 crore from the District Mining Office (DMO) located in Ramgarh, Jharkhand. The company said that this notice is dated March 30, 2026, which the company received on April 3, 2026. It has been alleged in the notice that the company mined about 1.62 crore metric tonnes of coal from its West Bokaro Colliery during the financial year 2000-01 to 2006-07 in excess of the prescribed limit.
This action has been taken on the basis of the grounds decided by the Supreme Court in the case Common Cause vs Union of India. Due to excess production, a total demand of Rs 1755.10 crore has been made on the company. The company management believes that this demand is not on a reasonable and solid basis. The company has made it clear that it will challenge this notice.
quarterly results
The company’s profit has increased to Rs 2,689 crore for the quarter ending December 2025, which is more than eight times an increase from the profit of Rs 327 crore in the same quarter a year ago. The company’s revenue from operations in the October-December quarter increased by 6 per cent to Rs 57,002 crore from Rs 53,648 crore in the same period last year.
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stock performance
On Thursday, the company’s shares closed at Rs 193.50 with a decline of 0.57 per cent. In the last one year, the company’s shares have seen a rise of 37.83 percent. In the last 5 years, shares of Tata Group company have given returns of more than 124 percent to investors.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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