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Tata Steel shines on plan to raise Rs 13,000 crore for Odisha’s Kalinganagar project

14 Feb 2013 Evaluate

Tata Steel is currently trading at Rs. 377.95, up by 1.80 points or 0.48% from its previous closing of Rs. 376.15 on the BSE.

The scrip opened at Rs. 371.60 and has touched a high and low of Rs. 380.90 and Rs. 368.20 respectively. So far 627768 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. 347.55 on 06-Sep-2012.

Last one week high and low of the scrip stood at Rs. 398.80 and Rs. 375.25 respectively. The current market cap of the company is Rs. 36745.90 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.74% and 23.84% respectively.

In a bid to fund first phase of its upcoming 6 million tonnes new steel mill in Odisha’s Kalinganagar, Tata Steel is planning to mop up Rs 13,000 crore within next six months. The said project is been divided into two equal phases of 3 million tonnes per annum (MTPA) and is estimated to require an investment of about Rs 35,000 crore.

This is the first integrated greenfield project of the company outside Jamshedpur in its over a century-old history. As of now, the company has deployed more than 25,000 workers for the construction of the plant, which is being developed to produce flat steel products only.

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

185.75 0.50 (0.27%)
16-Jul-2026 12:44 View Price Chart
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