Jharkhand Slaps Tata Steel with Rs 1,755 Crore Coal Mining Notice

The notice, dated March 30, was received by the company on April 3.

According to the company, the notice alleges that the steelmaker extracted approximately 1.62 crore metric tonnes of coal beyond permissible limits during the specified period.

The demand has been raised on grounds similar to those cited by the Supreme Court in the Common Cause versus Union of India case, which dealt with illegal mining and excess production.

Tata Steel said it does not agree with the demand and plans to challenge it before relevant judicial or quasi-judicial forums.

"The management believes that the demand lacks justification and a substantive basis," the company said.

Tata Steel posted a consolidated net profit of Rs 2,689 crore in the December quarter, surging 723 per cent from Rs 327 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.

In terms of revenue, the firm recorded Rs 57,002 crore in Q3 FY26 -- up 6 per cent from Rs 53,648 crore in the corresponding period of the previous financial year.

However, net profit declined 13 per cent sequentially from Rs 3,102 crore in Q2 FY26, amid a 3 per cent drop in revenue from Rs 58,689 crore reported in the July-September quarter.

EBITDA stood at Rs 8,309 crore, up 39 per cent year-on-year, while the margin was around 15 per cent.

Shares of Tata Steel on Thursday ended on a flat note at Rs 193.50, down 0.57 per cent on the NSE.

- IANS