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Tinplate Company of India shines on getting nod for expansion plan at Jamshedpur

30 Aug 2021 Evaluate

Tinplate Company is currently trading at Rs. 232.05, up by 9.40 points or 4.22% from its previous closing of Rs. 222.65 on the BSE.

The scrip opened at Rs. 224.00 and has touched a high and low of Rs. 232.95 and Rs. 224.00 respectively. So far 23148 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.60 on 30-Jul-2021 and a 52 week low of Rs. 118.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 234.50 and Rs. 213.55 respectively. The current market cap of the company is Rs. 2418.35 crore.

The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 2.45% and 22.60% respectively.

Tinplate Company of India has received approval for an expansion plan, investing in putting up an additional capacity of 3,00,000 tonnes per annum (TPA) at Jamshedpur. The project is expected to be completed in about 3 years. The estimated capital expenditure towards the project is around Rs 1,800 crore (net of taxes).

The Board of Directors of the Company at its meeting held on August 28, 2021 approved an expansion plan.

The company is the producer of tin coated and tin free steel sheets in India having its headquarter in Kolkata, West Bengal and works located at Jamshedpur, Jharkhand.

Tinplate Co-Amalgama Share Price

430.45 0.00 (0.00%)
18-Jan-2024 16:59 View Price Chart
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