Tata Steel gets ₹4,314 crore relief from Orissa High Court

Tata Steel received major legal relief after the Orissa High Court quashed two mining demand notices worth ₹4,313.62 crore linked to Sukinda Chromite Block dispatch shortfall. The Court ruled penal provisions under amended Rule 12A cannot be applied retrospectively. The judgment removes a significant contingent liability and eases pressure from the long-pending mining dispute.