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MMDR Bill tweak: NMDC flags ₹15,786 crore Karnataka tax exposure

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Home / Industry / News / MMDR Bill tweak: NMDC flags ₹15,786 crore Karnataka tax exposure

NMDC's ₹15,786-crore contingent liability highlights the uncertainty around Karnataka's retrospective mineral tax and the potential impact of the amended mining law

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3 min read

Last Updated :

Aug 17 2026 | 11:30 PM

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NMDC, India’s largest iron ore miner, has disclosed a potential liability of ₹15,785.72 crore from Karnataka’s proposed retrospective tax on mineral rights and mineral-bearing land, highlighting the extent of the company’s liabilities that could be affected by the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, passed by Parliament last week.

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