Tata Steel shuts its Noamundi mine in Jharkhand: Report

Tata Steel, one of the world’s biggest steelmakers, has reportedly shut-down its Noamundi mine in Jharkhand on the orders from the state (Jharkhand) government. This decision may impact the company adversely as the said mine contributed over 30% of its iron ore requirements.

The state's order follows the Centre's July 18 directive asking states to clamp down on mines operating under second or third deemed renewals.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.