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Tata Steel gains on acquiring responsible sourcing standard for its UK construction products

11 Sep 2014 Evaluate

Tata Steel is currently trading at Rs. 521.65, up by 1.35 points or 0.26 % from its previous closing of Rs. 520.30 on the BSE.

The scrip opened at Rs. 521.60 and has touched a high and low of Rs. 522.95 and Rs. 518.70 respectively. So far 88437 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. 528.40 and Rs. 505.00 respectively. The current market cap of the company is Rs. 50571.19 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 become the largest company to acquire the BRE responsible sourcing standard BES 6001 for its UK construction products. All the company’s construction products manufactured in the UK are now certified ‘Very Good’ under the British standard, including its Advance steel sections, Celsius structural hollow sections, ComFlor and RoofDek structural decking, Trisomet and Trimapanel composite panels systems and Catnic building products. The company’s Colorcoat branded product is already certified to the standard.

The UK Government will soon require all the construction projects it funds to use BES 6001-certified products. As a result sustainability-minded main contractors, architects and engineering designers are already asking their supply chains to verify where their products are sourced and to demonstrate how they are ensuring that the products they use have been produced in as sustainable a way as possible.

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

188.15 -1.45 (-0.76%)
30-Jun-2026 16:59 View Price Chart
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