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Tata Steel strengthens on signing agreement with Quebec government

21 Jan 2016 Evaluate

Tata Steel is currently trading at Rs 237.35, up by 5.65 points or 2.44% from its previous closing of Rs 231.70 on the BSE.

The scrip opened at Rs 233.65 and has touched a high and low of Rs 238.70 and Rs 233.65 respectively. So far 189620 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 411.40 on 23-Jan-2015 and a 52 week low of Rs 200.00 on 29-Sep-2015.

Last one week high and low of the scrip stood at Rs 244.00 and Rs 225.30 respectively. The current market cap of the company is Rs 23066.37 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 37.73% and 28.94% respectively.

Tata Steel has signed an in-principle agreement with the Quebec government to develop iron ore deposits in the Canadian province, a move that can help the steelmaker reduce its raw material costs. Both the parties will also work on developing the transit for iron ore, a key raw material used in making steel, from Arnaud Junction to the multi-user dock of the Port of Sept-Iles.

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

212.05 1.35 (0.64%)
17-Apr-2026 16:59 View Price Chart
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