The decision is expected to have a profound effect not just on the mining sector but on the entire supply chain, potentially leading to considerable inflationary pressures on final products, the report said.
The court's decision permits states to impose taxes on mineral rights and mineral-bearing lands and to seek refunds of royalties from April 1, 2005, onwards.
As of June 2024, Tata Steel had accumulated contingent liabilities totalling Rs 17,300 crore with the state of Odisha, the report added.
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