JSW Steel on Sunday, October 18, said the Orissa High Court has quashed the ₹696 crore penalty levied on it by the Joda mining authorities and has set aside the ₹1,473 crore penalty for re-evaluation. The company, in an exchange filing on Sunday, said the high court concluded the hearing and pronounced its judgments on October 16, 2026.
The same was in response to JSW Steel's separate petitions challenging the demands of the the mining authorities in Joda. JSW Steel said on September 6, 2021, it had received a demand letter and corrigendum from the Joda authorities raising a demand of ₹696.32 crore with regards to assessment of shortfall in dispatch of minerals from the firm's Jajang Iron Ore Block, for the first year in terms of Mine Development and Production Agreement .
JSW Steel had filed a writ petition before the high court and sought for the demand letter to be quashed. The court concluded its hearing and pronounced its judgment on October 16, 2026, disposing of the write petition, in terms of another judgement of April 20, 2026.
In view of this, the company said it believes the 2021 case stands quashed. JSW Steel had received a second demand letter from the Joda authorities on August 21, 2025, raising a demand of ₹1,472.69 crore with regards to the assessment of shortfall in dispatch of minerals from the firm's Jajang Iron Ore Block for the fifth year in terms of Mine Development and Production Agreement .
JSW steel had filed a writ petition before the court to quash the demand letter as well and on October 16, 2026, the high court disposed of the writ petition setting aside the 2025 demand letter and has remitted the matter to the concerned authority to decide afresh in view of legal position as was enunciated in the court's April 20, 2026 judgment.
JSW Steel shares ended the previous session 1.3% up at ₹1,216.3 apiece. The stock has declined 4.7% in the past month and has gained 3.8% this year, so far.