How Tata Steel and JSW Steel will be impacted by SC ruling on mining royalty
Posted on: 19 Aug, 03:19 PM
Tata Steel, JSW Steel, and other mining companies might face increased costs due to additional state-imposed mining taxes, as per a Supreme Court decision. This could reduce profitability and impact the value chain, causing inflation. States are now authorized to levy taxes and claim backdated royalties, significantly affecting the financial status of impacted companies.