Jindal Steel named preferred bidder for Thakurani-A1 iron ore block in Odisha Nagpur industries face rising pressure over LPG supply LNG shortage threatens production at India’s small steel mills
Tata Steel shares drew attention on December 23, 2025 after the company disclosed a favourable outcome in a GST compensation cess matter linked to the erstwhile Tata Steel Long Products Ltd (TSLP). The company said the tax authority has set aside the aggregate demand of ₹161.52 crore raised through a show-cause-cum-demand notice related to input tax credit on compensation cess for the period April 2019 to February 2024.
As per the order details cited in the report, the authority noted that Tata Steel had already paid ₹160.28 crore while filing GST returns, which stands appropriated to the exchequer, and dropped the remaining ₹1.23 crore. The company also indicated that no penalty of an equivalent amount should be levied.
In early trade, the stock opened positive and was quoted around ₹169.75 on NSE (9:35 AM). Separately, Kotak Securities’ Shrikant Chauhan reiterated a buy call with targets of ₹178/₹181 and a stop loss at ₹167, per the same report.
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