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Tata Steel surges on launching project to extend operational life of blast furnaces in UK

17 Sep 2018 Evaluate

Tata Steel is currently trading at Rs. 621.00, up by 5.65 points or 0.92% from its previous closing of Rs. 615.35 on the BSE.

The scrip opened at Rs. 611.00 and has touched a high and low of Rs. 621.85 and Rs. 606.00 respectively. So far 276815 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 747.25 on 31-Jan-2018 and a 52 week low of Rs. 493.50 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 625.90 and Rs. 583.35 respectively. The current market cap of the company is Rs. 73631.90 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 45.12% and 20.59% respectively.

Tata Steel has launched an ambitious project to significantly extend the operational life of one of the two huge blast furnaces of its UK's largest steelworks at Port Talbot in South Wales. This is the biggest single investment the company has made at the Port Talbot site for more than five years and demonstrates commitment to build a stronger and more sustainable steelmaking business in the UK.

The plant’s giant Blast Furnace 5, which has been running for the past 15 years producing almost 30 million tonnes of iron, is now being drained so vital engineering work can be carried out inside, extending its life by five to seven years. The project costing 10 of millions of pounds and expected to take several months, will also see the waste gas and dust extraction system being replaced.

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

211.60 -0.45 (-0.21%)
20-Apr-2026 10:30 View Price Chart
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