SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Steel edges higher on inking MoU with Germany’s SMS group

15 Jun 2023 Evaluate

Tata Steel is currently trading at Rs. 113.80, up by 0.05 points or 0.04% from its previous closing of Rs. 113.75 on the BSE.

The scrip opened at Rs. 113.80 and has touched a high and low of Rs. 114.20 and Rs. 113.25 respectively. So far 1642205 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.30 on 19-Jan-2023 and a 52 week low of Rs. 82.71 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 114.20 and Rs. 108.70 respectively. The current market cap of the company is Rs. 139080.23 crore.

The promoters holding in the company stood at 33.90%, while Institutions and Non-Institutions held 41.46% and 23.91% respectively.

Tata Steel has signed a Memorandum of Understanding (MoU) with Germany’s SMS group to collaborate on decarbonisation of steel making process. As part of the MoU, the companies shall undertake further technical discussions and initiate actions for conducting Joint Industrial Demonstration of the EASyMelt technology, developed by SMS group.

The demonstration will be executed at ‘E’ Blast Furnace in Tata Steel’s Jamshedpur plant with an objective to reduce CO2 emission by more than 50% from blast furnace’s baseline operation. The EASyMelt (electric-assisted syngas smelter) technology is a cutting-edge iron making solution that can be implemented in an existing integrated steel plants to accelerate decarbonisation. The core of the technology utilises blast furnace top gas recycling for syngas production through reforming of coke oven gas. The resulting syngas is then injected at both shaft and tuyere level, with the gas injected at the tuyere level further being heated using a plasma torch system.

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 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×