Tata Sponge Iron is currently trading at Rs. 869.00, up by 11.50 points or 1.34% from its previous closing of Rs. 857.50 on the BSE.
The scrip opened at Rs. 871.00 and has touched a high and low of Rs. 878.00 and Rs. 864.25 respectively. So far 33278 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 900.00 on 11-Apr-2017 and a 52 week low of Rs. 474.95 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 878.00 and Rs. 811.90 respectively. The current market cap of the company is Rs. 1337.49 crore.
The promoters holding in the company stood at 54.50%, while institutions and non-institutions held 6.87% and 38.63% respectively.
Tata Sponge Iron has received an Environment Clearance from Ministry of Environment, Forest & Climate Change, Government of India, for enhancement of DRI production by 35,000 TPA i.e. from 3,90,000 TPA to 4,25,000 TPA in the existing facility located at Bileipada, District Keonjhar, Odisha.
Tata Sponge Iron produces and sells sponge iron in India. The company offers sponge iron to secondary steel sector for the production of steel. It also operates two power plants with a combined generation capacity of 26 MW that generate power from waste heat.
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