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Tata Steel rises on outlaying capital expenditure of Rs 3,000 crore for European operations

16 Aug 2021 Evaluate

Tata Steel is currently trading at Rs. 1477.70, up by 16.40 points or 1.12% from its previous closing of Rs. 1461.30 on the BSE.

The scrip opened at Rs. 1485.00 and has touched a high and low of Rs. 1498.45 and Rs. 1472.80 respectively. So far 260570 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,498.45 on 16-Aug-2021 and a 52 week low of Rs. 343.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1498.45 and Rs. 1367.55 respectively. The current market cap of the company is Rs. 178107.33 crore.

The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 41.32% and 23.43% respectively.

Tata Steel has outlaid a capital expenditure of Rs 3,000 crore for its European operations as its focus is to make the business stronger. In Europe, the company's operation is being separated into Tata Steel Netherlands and Tata Steel UK which would help in cost efficiencies and management focus. The European business this year will be cash positive in terms of EBIDTA and PAT. It will be a strong year for European businesses as well.

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

214.45 -2.60 (-1.20%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 214.45
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