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Tata Steel rises on plan of installing Shapeline Flatness System in UK

22 Nov 2011 Evaluate

Tata Steel is currently trading at Rs 384.00, up by 3.40 points or 0.89% from its previous closing of Rs 380.60 on the BSE.

The scrip opened at Rs 382.10 and has touched a high and low of Rs 387.45 and Rs 381.40 respectively. So far 422010 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 713.80 on 04-Jan-2011 and a 52 week low of Rs 378.20 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs 416.60 and Rs 378.20 respectively. The current market cap of the company is Rs 36507.70 crore.

The promoters holding in the company stood at 30.71% while Institutions and Non-Institutions held 42.38% and 24.39% respectively. 

Tata Steel, India’s biggest steel producer is likely to install Shapeline flatness measurement system in the production line of its plate mill in Scunthorpe, UK by the year-end 2011. The company has placed order for a flatness measurement system from Shapeline, Sweden.

The flatness measurement system is a laser based system, which is capable of measuring 4.8 m wide plates on-line and has an integrated laser doppler sensor for speed and plate length measurements. The system will be used for quality control as well as to significantly reduce the number of leveling passes to increase the throughput in the production.

Shapeline AB is a Swedish based trader of systems for flatness measurement in the global steel-/metals industry. The company started in 1999 and has today supplied over 60 flatness systems for productivity and quality optimization worldwide.

Tata Steel’s net profit for the quarter has declined by 27.60% at Rs 1495.22 crore as compared to Rs 2065.13 crore for the quarter ended September 30, 2010. The company’s total income has marginally increased by 5.05% at Rs 8235.50 crore for the second quarter of the current fiscal from Rs 7839.42 crore for the corresponding quarter of the previous year.

Tata Steel Share Price

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