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Tata Steel gains on eyeing foreign investments for SEZ project in Odisha

29 Dec 2016 Evaluate

Tata Steel is currently trading at Rs. 389.85, up by 1.55 points or 0.40% from its previous closing of Rs. 388.30 on the BSE.

The scrip opened at Rs. 389.05 and has touched a high and low of Rs. 392.35 and Rs. 387.50 respectively. So far 1,32,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 440.90 on 11-Nov-2016 and a 52 week low of Rs. 211.30 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 395.60 and Rs. 377.45 respectively. The current market cap of the company is Rs. 37,862.83 crore.

The promoters holding in the company stood at 31.35%, while Institutions and Non-Institutions held 42.13% and 26.51% respectively.

Tata Steel is in discussion with foreign companies for investments in heavy industries over the next five years at the Special Economic Zone (SEZ) project at Gopalpur in Odisha. The company’s Jamshedpur and Kalinganagar facilities together clocked 1 MT of monthly sales in September 2016.

The company has recently signed a definitive agreement to acquire 100 percent equity in Brahmani River Pellets (BRPL), which would give a vertical start up to enabling facilities. Despite challenging times, the company continues to remain a competitive and growth-oriented Integrated Steel Company in the country.

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

206.60 1.35 (0.66%)
10-Apr-2026 16:59 View Price Chart
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