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Tata Steel shines on plan to merge Kalimati Investment Company with itself

11 Apr 2013 Evaluate

Tata Steel is currently trading at Rs. 306.50, up by 0.95 points or 0.31% from its previous closing of Rs. 305.55 on the BSE.

The scrip opened at Rs. 308.40 and has touched a high and low of Rs. 308.50 and Rs. 305.70 respectively. So far 219456 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 479.40 on 23-Apr-2012 and a 52 week low of Rs. 300.15 on 10-Apr-2013.

Last one week high and low of the scrip stood at Rs. 315.50 and Rs. 300.15 respectively. The current market cap of the company is Rs. 29753.15 crore.

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

Tata Steel will amalgamate Kalimati Investment Company (KICL) with itself with effect from January 1, 2013. Pursuant to which, shares of the company in KICL will stand cancelled, as Tata Steel is the only shareholder of KICL. This amalgamation is subject to and condition upon requisite approvals and orders under Companies Act, 1956.

The entity has registered its best ever performance in FY13 in Hot Metal, Crude Steel, Saleable Steel production and total Sales. The company’s sales of Flat product in FY13 have increased by 20.2% to 4.49 million tonnes as compared to 3.73 million tonnes in FY12. The company’s Flat Products division has achieved its highest ever annual high end product sales of 190 kt to Auto customers as compared to 155 kt in FY12.

Tata Steel Share Price

212.20 0.90 (0.43%)
04-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.20
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