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Tata Steel spurts on entering into collaboration with technology company SMS Mevac

05 Dec 2012 Evaluate

Tata Steel is currently trading at Rs 397.10, up by 7.75 points or 1.99% from its previous closing of Rs 389.35 on the BSE.

The scrip opened at Rs 394.40 and has touched a high and low of Rs 399.20 and Rs. 392.65 respectively. So far 266411 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 500.90 on 21-Feb-2012 and a 52 week low of Rs 332.35 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs 399.20 and Rs 375.75 respectively. The current market cap of the company is Rs 38634.91 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.06% and 24.70% respectively.

Tata Steel has entered into a new collaboration with technology company SMS Mevac, which will design a new facility for the production of high-purity vacuum induction melted (VIM) steels for the aerospace industry at the speciality steels business in Stocksbridge, South Yorkshire. The agreement represents an important step for the company towards consolidating its position as a leading supplier of high-purity steels to the global aerospace market.

The VIM production route involves melting high-purity recycled steel and alloys in a crucible furnace, extracting trace elements via a degassing process in a low-pressure vacuum, and casting the purified liquid steel into ingot moulds. VIM-derived steels are typically consumed in aircraft engine transmissions and bearings as well as aircraft structural and undercarriage components where high-purity steel with characteristics such as enhanced fatigue life, improved corrosion resistance and higher strength levels are critical.

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

212.05 1.35 (0.64%)
17-Apr-2026 16:59 View Price Chart
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