Tata Steel is currently trading at Rs 523.30, up by 11.45 points or 2.24% from its previous closing of Rs 511.85 on the BSE.
The scrip opened at Rs 510.25 and has touched a high and low of Rs. 527.85 and Rs 510.25 respectively. So far 769046 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. 265.20 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 554.00 and Rs. 509.55 respectively. The current market cap of the company is Rs. 50648.88 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 inked a series of contracts with Subsea 7 to supply undersea pipes to four separate North Sea projects. Subsea 7 is one of the world’s leading contractors in engineering, construction and subsea services to the offshore industry. The four contracts, signed over the past year and worth an estimated £10 million in total, will see Tata Steel supply in excess of 55km of pipe weighing more than 9,000 tonnes.
To mark the strengthening relations between the two companies, Tata Steel and Subsea 7 have also signed a global framework agreement. This agreement cements and formalizes the companies’ long-standing partnership, which first began 25 years ago.
Tata Steel is a leading supplier of products and services to the oil and gas industry. Under the contracts, the company will supply around 28km of carrier pipe, more than 27km of sleeve pipe, girth welding and triple jointing and the application of Glass Flake Epoxy pipe coating. The pipes will be manufactured at the company’s Hartlepool pipe mills in the UK, before being welded and coated at its offshore processing centre, also in Hartlepool.
| Company Name | CMP |
|---|---|
| Tata Steel | 188.15 |
| JSW Steel | 1226.30 |
| Steel Authority | 173.25 |
| Jindal Stainless | 692.40 |
| APL Apollo Tubes | 1788.35 |
| View more.. | |
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