Tata Steel inches up after initiating first equipment trial at Kalinganagar facility

Tata Steel is currently trading at Rs. 1278.40, up by 1.00 points or 0.08% from its previous closing of Rs. 1277.40 on the BSE.

tata steel adjudged 2021 supplier engagement leader
tata steel adjudged 2021 supplier engagement leader

The scrip opened at Rs. 1278.00 and has touched a high and low of Rs. 1301.70 and Rs. 1263.85 respectively. So far 1078424 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1534.60 on 16-Aug-2021 and a 52 week low of Rs. 681.20 on 19-Mar-2021.

Last one week high and low of the scrip stood at Rs. 1328.10 and Rs. 1130.05 respectively. The current market cap of the company is Rs. 155780.84 crore.

The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 39.57% and 25.71% respectively.

Tata Steel has initiated first equipment trial for cold rolling mill, pellet plant projects at Kalinganagar facility. This signifies the completion of a major milestone for the Kalinganagar expansion project from three to eight million tonnes per annum.

Various projects were also launched at Tata Steel Jamshedpur and Kalinganagar to reassure the group’s commitment to the city and locations where it operates.

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.