Tata Chemicals gains on buzz of entering into MoU with C-MET

04 Jan 2019

Tata Chemicals is currently trading at Rs. 702.00, up by 6.10 points or 0.88% from its previous closing of Rs. 695.90 on the BSE.

The scrip opened at Rs. 695.95 and has touched a high and low of Rs. 704.65 and Rs. 695.45 respectively. So far 7529 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 786.95 on 04-May-2018 and a 52 week low of Rs. 623.50 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 720.65 and Rs. 692.10 respectively. The current market cap of the company is Rs. 17781.99 crore.

The promoters holding in the company stood at 30.63% while Institutions and Non-Institutions held 47.87% and 21.50% respectively.

Tata Chemicals has reportedly entered into memorandum of understanding (MoU) with Centre for Materials for Electronics Technology (C-MET) Pune, to develop collaborative technology for the recovery and purification of cathode and anode active ingredients from spent lithium ion cells and batteries.

Under the MoU, Tata Chemicals and C-MET will leverage the latter’s intellectual property, capabilities and infrastructure, to test and validate multiple recycling chemistries.

Tata Chemicals is the second-largest producer of soda ash in the world with manufacturing facilities in India, UK, Kenya and USA. It is India’s leading crop nutrients player and a leading player in crop protection business through its subsidiary Rallis India.

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Tata Chemicals Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323