Tata Steel declines on closing ferroalloys plant at Bamnipal

Tata Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500470 | NSE: TATASTEEL

11 Aug 2014 Evaluate

Tata Steel is currently trading at Rs 532.55, down by 5.00 points or 0.93% from its previous closing of Rs 537.55 on the BSE.

The scrip opened at Rs. 545.95 and has touched a high and low of Rs. 545.95 and Rs. 530.05 respectively. So far 514491 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs.578.60 on 09-Jun-2014 and a 52 week low of Rs 220.00 on 12-Aug-2013.

Last one week high and low of the scrip stood at Rs. 568.55 and Rs. 535.10 respectively. The current market cap of the company is Rs 51751.21 crore.

The promoters holding in the company stood at 31.35 % while Institutions and Non-Institutions held 42.93% and 23.31% respectively.

Tata Steel has closed its 50,000 tonnes per annum ferroalloys plant at Bamnipal in Keonjhar district of Odisha on account of unavailability of raw material. The raw material crisis is precipitated by closure of the company’s Sukinda chrome ore mines, where the work has been suspended since 17th May, this year, because of non-renewal of lease.

The Suspension of operation at Sukinda and Bamnipal has impacted livelihood of more than 6,000 persons with loss of revenue to the government to the tune of Rs 300 crores per annum.

Even as Tata Steel’s application for renewal of Sukinda lease, which expired in 2013, is pending before the state government, the Odisha High Court has restrained the government from taking any decision on the matter till disposal of petitions challenging the company’s need to retain the full lease area.

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.

Tata Steel Share Price

187.15 2.00 (1.08%)

02-Jul-2026 16:01 View Price Chart

Peers

Company Name	CMP
Tata Steel	187.15
JSW Steel	1222.45
Steel Authority	168.00
Jindal Stainless	695.00
APL Apollo Tubes	1782.05
View more..

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.