Tata Steel has executed a long-term agreement with Angul Sukinda Railway (ASRL), for the construction, operation and maintenance of an alternate railway line (Additional Rail Line). The agreement is for a period of 20 years to meet the logistic requirements of company’s Kalinganagar Steel Plant. The company will be funding the entire expenditure of Rs 400 crore (in a phased manner) for construction of the Additional Rail Line by subscribing to 40,00,00,000 non-convertible, non-cumulative, redeemable preference shares of face value of Rs 10 each of ASRL.
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.
Company Name | CMP |
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JSW Steel | 880.60 |
Tata Steel | 164.95 |
SAIL | 164.70 |
Jindal Stainless | 710.60 |
APL Apollo Tubes | 1580.00 |
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