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Tata Steel gains as JV inaugurates Rs 2,750 crore ‘Continuous Annealing & Processing Line’

02 Sep 2014 Evaluate

Tata Steel is currently trading at Rs. 525.00, up by 1.15 points or 0.22% from its previous closing of Rs. 523.85 on the BSE.

The scrip opened at Rs. 524.00 and has touched a high and low of Rs. 526.90 and Rs. 524.00 respectively. So far 14381 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. 266.15 on 30-Sep-2013.

Last one week high and low of the scrip stood at Rs. 532.05 and Rs. 510.25 respectively. The current market cap of the company is Rs. 50877.12 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’s JV - Jamshedpur Continuous Annealing and Processing Company (JCAPCPL) has inaugurated its Continuous Annealing & Processing Line, a 600,000 tonnes per annum facility for manufacturing ‘Automotive Grade Continuous Annealed Products’ at Steelennium Hall inside Tata Steel’s Jamshedpur Works. JCAPCPL is a 51:49 Joint Venture (JV) between Tata Steel and NSSMC respectively.

JCAPCPL has set up India’s first Continuous Annealing & Processing Line that will produce 600,000 tonnes per annum of high-quality cold rolled sheets exclusively for the automotive industry, including outer panels and high tensile sheets.

While Tata Steel has developed the infrastructure for the project, NSSMC has provided the equipment and state-of-the-art technology. The project has been set up at a capital investment of about Rs 2,750 crore. JCAPCPL will source steel from Tata Steel.

Through the JV, both Tata Steel and NSSMC are expected to respond appropriately to the increasing demand of Indian automakers for high-grade, high-quality automotive steel sheets.

Tata Steel Share Price

205.10 -1.50 (-0.73%)
13-Apr-2026 14:13 View Price Chart
Peers
Company Name CMP
Tata Steel 205.10
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