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Tata Steel on Friday announced that it has received a demand notice of Rs 1902 crore from the Deputy Director of Mines in Jajpur Odisha over an alleged shortfall in mineral dispatch from its Sukinda Chromite Block. In a filing the steel maker said it will pursue suitable legal remedies before the appropriate judicial or quasi-judicial forums. The company has received a Demand Letter issued by the Office of Deputy Director of Mines Jajpur in connection with revised assessment of shortfall in dispatch of minerals from the companys Sukinda Chromite Block for the fourth year in terms of Mine Development and Production Agreement (i.e. July 23 2023 through July 22 2024) Tata Steel said. Tata Steel Receives Rs 1902 cr Demand Notice The notice received on July 3 alleges violation of Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules 2016 and consequent appropriation of performance security the company said. The alleged shortfall in mineral dispatch by the company as per the aforementioned Mine Development and Production Agreement for Sukinda Chromite Block has resulted in an aggregate demand of Rs 19027253760 including sale value of shortfall quantity and appropriation of performance security it said. The management believes that the states demands lack justification and substantive basis and the Company will pursue suitable legal remedies before the appropriate judicial or quasi-judicial forum(s) it said.  Tata Steel Stock Performance Tata Steels share closed nearly 2% lower at Rs 163 during Fridays trading session. The stock opened at Rs 166 but later declined touching a low of Rs 162.05. During intraday trading it also hit a high of Rs 166.40. The stocks 52-week high stands at Rs 178.15 while the 52-week low is Rs 122.60. With this the company’s market capitalisation has risen to Rs 203480 crore. (With Inputs From PTI)