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United News of India
20-07-2025
- Business
- United News of India
Odisha's Dhamra Port receives largest imported coking coal parcel
Bhubaneswar, July 19 (UNI) Odisha has handled its largest ever imported coking coal parcel, with a massive 1,86,782 metric tonnes (MT) received at Adani-operated Dhamra Port, the port officials said today. The consignment was imported by Tata Steel Limited, one of India's leading steel producers. The vessel, measuring 299.95 metres in length (LOA) with a beam of 50 metres and a maximum draft of 18.40 metres, showcased Dhamra Port's capability to handle large vessels. It marks a significant moment in Odisha's industrial and logistical capabilities, reinforcing Dhamra Port's status as a premier deep-draft port on the eastern coast of India. The successful handling of this large parcel showcases the operational efficiency, world-class infrastructure, and growing cargo-handling capacity of the Adani-operated port. This development not only reaffirms the port's role in supporting large-scale industrial operations but also highlights Odisha's evolving stature as a gateway for global trade and raw material imports. The successful handling of this record-breaking coking coal parcel is a testament to the seamless coordination between port authorities, shipping agencies, and industry partners, positioning Dhamra Port as a critical enabler of India's steel sector and a driver of regional economic growth, claimed the port officials. UNI XC RN
Time of India
05-07-2025
- Business
- Time of India
Tata Steel to challenge state's Rs 1,920cr demand notice for mineral dispatch ‘shortfall'
Bhubaneswar: Tata Steel Limited has announced it would challenge the demand notice amounting to Rs 1,920 crore issued by the deputy director of mines for an alleged shortfall in mineral dispatch from the company's Sukinda chromite block in Jajpur district. The company, in a formal disclosure to the stock exchange, disagreed with the demand, citing a lack of justification and substantive basis for the claims. The demand notice, received on July 3, is linked to a revised assessment of mineral dispatch shortfalls for the fourth year, as per the mine development and production agreement. In the disclosure, the company said the alleged violation falls under Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules, 2016, which also led to the appropriation of performance security. Covering the period from July 23, 2023, to July 22, 2024, the notice claims the revision in the assessment is based on the average sale price declared by the Indian Bureau of Mines. The alleged shortfall in mineral dispatch resulted in a cumulative demand of Rs 1,920,72,53,760, which includes the shortfall quantity and appropriation of performance security. Tata Steel stated its intention to pursue suitable legal remedies. "The management believes that the state's demand lacks justification and substantive basis and accordingly the company will pursue suitable legal remedies before the appropriate judicial or quasi-judicial forums," it said.
Hans India
04-07-2025
- Business
- Hans India
Tata Steel gets Rs 1,902 crore demand notice from Odisha govt
Mumbai: Tata Steel on Friday said that it has received a demand notice of Rs 1,902.72 crore from the Deputy Director of Mines in Jajpur, Odisha. The notice relates to an alleged shortfall in the dispatch of minerals from the company's Sukinda Chromite Block. According to a stock exchange filing by Tata Steel, the demand is based on a revised calculation of average sale prices provided by the Indian Bureau of Mines. The mining authorities issued the notice on July 3 under Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules, 2016. They have also moved to use the company's performance security amount to recover the dues. 'On July 3, Tata Steel Limited has received a demand letter issued by the Office of Deputy Director of Mines, Jajpur, in connection with revised assessment of shortfall in dispatch of minerals from the Company's Sukinda Chromite Block, for the fourth year in terms of Mine Development and Production Agreement (i.e., July 23, 2023 through July 22, 2024) 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 company said in its filing. 'The revision in assessment is based on declaration of average sale price notified by the Indian Bureau of Mines,' the company added in its filing. The shortfall in mineral dispatch is said to have taken place during the fourth year of Tata Steel's mining agreement -- from July 23, 2023, to July 22, 2024 -- under the Mine Development and Production Agreement (MDPA) for the Sukinda block. Tata Steel has disagreed with the demand. The company said the claim has no justification or proper basis, and it plans to challenge the notice through legal channels. 'The Management believes that the State's demands lack justification and substantive basis,' the firm stated. 'Accordingly, the company will pursue suitable legal remedies before the appropriate judicial or quasi-judicial forum(s),' the company added. Sukinda, located in Odisha's Jajpur district, is one of the largest chromite reserves in the country and plays a key role in Tata Steel's raw material supply.
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Business Standard
04-07-2025
- Business
- Business Standard
Tata Steel gets ₹1,902 crore demand over Sukinda Mine dispatch shortfall
Tata Steel Limited on Thursday received a demand letter issued by the Office of Deputy Director of Mines, Jajpur, related to a revised assessment of a shortfall in the dispatch of minerals from the company's Sukinda Chromite Block for the fourth year of the Mine Development and Production Agreement period (from 23 July 2023 to 22 July 2024), the company said in a BSE filing. The demand has been raised for an alleged breach of Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules, 2016, and the consequent appropriation of performance security. The revised assessment is based on the declaration of average sale price as notified by the Indian Bureau of Mines. Details of the demand The authorities claim that there has been a shortfall in mineral dispatch from the Sukinda Chromite Block as per the Mine Development and Production Agreement. As a result, an aggregate demand has been raised for ₹1902,72,53,760/- including sale value of shortfall quantity and appropriation of performance security. The management is of the view that the state's claims are neither justified nor well-founded. Therefore, the company intends to seek appropriate legal recourse through the relevant judicial or quasi-judicial authorities, the company added. "This disclosure is being made by the Company in line with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015," it added.
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Business Standard
29-06-2025
- Business
- Business Standard
Tata Steel gets show cause notice worth ₹1,007 cr over input tax credit
Tata Steel Limited has been issued a show cause notice over alleged discrepancies in availing Input Tax Credit (ITC) totaling ₹1,007 crore during the period of the financial year 2018–19 to 2022–23. The steel major got the notice from the Office of the Commissioner (Audit), Central Tax, Ranchi. The notice, dated June 27 and received by the company on June 28, directs Tata Steel to explain why the Goods and Services Tax (GST) amount should not be demanded and recovered under Section 74(1) of the Central Goods and Services Tax (CGST) Act and the corresponding provisions of the State GST (SGST) Act, read with Section 20 of the Integrated Goods and Services Tax (IGST) Act, 2017. In an exchange filing, the company said the show cause notice alleges that the ITC was availed in violation of provisions under Section 74(1) of the Central and State GST Acts, as well as Section 20 of the IGST Act. Section 20 of the IGST Act, 2017 permits enforcement of certain provisions of the CGST Act—including audit, scrutiny, demands, penalties, and recovery—in relation to IGST matters too. This means measures under Section 74(1) of the CGST Act, typically applied for tax evasion or undue credit, also extend to IGST claims. Tata Steel clarified that it has already deposited ₹514.19 crore, and this amount is set to be appropriated in the notice. Hence, the remaining GST liability under question is ₹493.35 crore. Under India's GST framework, companies are allowed to claim input tax credit on goods and services used in their business operations, offsetting this against their output tax liability. However, improper claims may lead to tax demands and penalties. Previous tax matters In June this year, Tata Steel reported receiving a notice from the Office of the Commissioner of CGST & Central Excise, Jamshedpur, over alleged wrongful ITC claims amounting to ₹890.52 crore for FY2018–19 to FY2020–21. On June 19, Tata Steel received another show cause notice regarding a subsidiary Tata Steel Long Products, from the Directorate General of GST Intelligence (DGGI), Jamshedpur. The case involved ITC claimed compensation cess on coal, amounting to ₹161.51 crore, for the period from April 2019 to February 2024. Of this, ₹160.28 crore was already reversed or paid, but the authorities have questioned its validity and proposed a penalty equal to the claimed amount.
