Tata Steel’s Jamshedpur steel plant has been impacted by the stoppage of despatches of iron ore from its captive Noamundi steel mine in Jharkhand. This follows the Jharkhand Government stopping the issuing of the required forwarding notes (challans).
According to a company statement, the Government of Jharkhand has not yet allowed the execution of the supplementary lease deed for extension of the Noamundi iron ore mine in spite of several representations made by the company on the subject to the state.
“The MMDR (Mines & Minerals Development Regulatory) Amendment Act 2015 stipulates the extension of the captive mining leases up to March 31, 2030, from the date of expiry of the period of last renewal. Applying its own interpretation of the legislative and judicial pronouncements, Government of Jharkhand has stipulated certain onerous terms and conditions for allowing extension of the mining lease of Noamundi, which are not in conformity with the MMDR Amendment Act 2015,’’ the company statement said.
Tata Steel said it has decided to seek legal recourse to resolve the impasse.
The stoppage of despatches from Noamundi will financially impact Tata Steel and “till the matter is resolved, the company has taken all measures to ensure that operations of Jamshedpur are unaffected by the actions of the state.’’
source: The Hindu
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