Tata Steel rises on signing MoU with MOL

Tata Steel is currently trading at Rs. 1408.45, up by 3.85 points or 0.27% from its previous closing of Rs. 1404.60 on the BSE.

The scrip opened at Rs. 1420.00 and has touched a high and low of Rs. 1425.95 and Rs. 1403.65 respectively. So far 364761 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. 343.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1519.00 and Rs. 1309.80 respectively. The current market cap of the company is Rs. 169780.84 crore.

The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 41.32% and 23.43% respectively.

In line with its larger sustainability objective and efforts to reduce greenhouse gas emissions in the supply chain, Tata Steel has signed a Memorandum of Understanding (MoU) with Mitsui O.S.K. Lines (MOL), a global marine transport group, on August 6, 2021 to develop and deploy environment friendly shipping solutions.

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.

Leave a Comment