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Tata Steel gets Rs 1,755 crore demand notice from Jharkhand mining office over alleged excess coal extraction
Tata Steel has been issued a demand notice of Rs1,755.10 crore by the District Mining Office in Ramgarh, Jharkhand. The notice alleges excess coal extraction of over 1.62 crore metric tonnes from its West Bokaro Colliery between FY2000-01 and FY2006-07, citing grounds similar to a Supreme Court ruling on illegal mining.
cityfalcon.com·8h ago
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India’s Tata Steel Gets $189 Million Notice for Excess Mining
India’s Tata Steel Ltd. received a 17.55 billion rupees ($189 million) demand notice from the mining office of state of Jharkhand, the company said in a statement Saturday.
cityfalcon.com·9h ago
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West Asia war effect: Propane gas crisis pushes JSR industrial units to opt for PNG
In light of the propane supply challenges due to conflicts in West Asia, industries in Jamshedpur are making a rapid transition to Piped Natural Gas (PNG). GAIL is leading the charge by establishing a PNG facility at Tata Motors, while also securing partnerships with Tata Steel and Timken India.
cityfalcon.com·2d ago
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Odisha govt seeks Centre's approval for forest land diversion for Tata Steel’s iron ore block
The Odisha government has formally requested the Centre’s approval to divert 216.875 hectares of forest land in Keonjhar district for mining activities related to the Gandhalpada iron ore block allotted to Tata Steel Ltd. The proposal, submitted to the Union Ministry of Environment, Forest and Climate Change (MoEF&CC), outlines the need for forest land clearance under Section 2(1)(iii) of the Van (Sanrakshan Evam Samvardhan) Adhiniyam, 1980. The forest land, located within the Keonjhar forest division, falls under a 241.1-hectare lease area, with 216.875 hectares designated as forest land, including a 4.21-hectare safety zone. The remaining 24.22 hectares are non-forest land. Tata Steel aims to nearly double its crude steel production capacity by 2030, and the Gandhalpada iron ore block is crucial for achieving this goal. Tata Steel's Expansion Plans To meet its target of 40 million tonnes per annum (MTPA) by 2030, Tata Steel requires an estimated 66 MTPA of iron ore. The Gandhalpada block, which was auctioned in 2021, has iron ore resources estimated at 314.37 million tonnes.
cityfalcon.com·5d ago
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India's strong growth driven by human capital, digital progress: ICICI Bank CEO Sandeep Bakshi
ICICI Bank CEO Sandeep Bakhshi was honored at XLRI's convocation. He spoke about India's growth fueled by people and technology. Graduates were urged to learn continuously and lead with purpose. Tata Steel CEO T V Narendran stressed the importance of global awareness and human skills. XLRI celebrated 530 graduates, encouraging them to build an inclusive society.
cityfalcon.com·7d ago
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