Tata Steel shines on plan to build VIM furnace at its Stocksbridge site in South Yorkshire

Tata Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500470 | NSE: TATASTEEL

23 Oct 2013 Evaluate

Tata Steel is currently trading at Rs. 342.35, up by 2.25 points or 0.66% from its previous closing of Rs. 340.10 on the BSE.

The scrip opened at Rs. 338.00 and has touched a high and low of Rs. 343.85 and Rs. 338.00 respectively. So far 353468 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 448.10 on 07-Jan-2013 and a 52 week low of Rs. 195.40 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 343.85 and Rs. 309.00 respectively. The current market cap of the company is Rs. 32924.20 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 39.62% and 26.32% respectively.

Tata Steel is planing to build a vacuum induction melting (VIM) furnace at its Stocksbridge site in South Yorkshire, UK, to enable it to tap into new market opportunities and develop innovative new products for the aerospace and oil and gas industries. The cutting-edge VIM furnace will allow Tata Steel’s speciality steels business, which already supplies steel to aircraft engine and airframe makers, to further develop relationships with its customers and expand its product portfolio. The £15 million furnace is expected to be commissioned early in 2015.

For Tata Steel, it is an important step towards consolidating its position as a leading supplier of high-purity steels to the global aerospace market. The company’s speciality steels business will work with German metallurgical technology company SMS Mevac, a major supplier of vacuum steelmaking equipment, to build a VIM facility at Stocksbridge.

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

214.45 -2.60 (-1.20%)

08-May-2026 16:59 View Price Chart

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