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JSW Steel Wins Court Battle Over ₹2100 Crore Penalty
18 Oct
Summary
- Orissa High Court quashed penalty of ₹696 crore and demand of ₹1,473 crore.
- The court directed mining authorities to reconsider the matter on October 16, 2026.
- Penalties were related to alleged shortfalls in mineral dispatches from Jajang Iron Ore Block.
JSW Steel has secured a significant legal victory as the Orissa High Court quashed a ₹696 crore penalty and set aside a separate demand of ₹1,473 crore. The rulings were issued on October 16, 2026, responding to petitions filed by the company against Joda mining authorities.
The penalties stemmed from alleged shortfalls in mineral dispatches from JSW Steel's Jajang Iron Ore Block. Specifically, a demand for ₹696.32 crore related to the first year of the Mine Development and Production Agreement (June 27, 2020, to June 26, 2021).
A subsequent demand of ₹1,473 crore was also challenged, concerning a shortfall during the fifth year of the agreement (June 27, 2024, to June 26, 2025). The High Court directed the mining authorities to re-evaluate both matters in light of its earlier judgment dated April 20, 2026.
