Tata Steel is currently trading at Rs. 385.80, up by 4.90 points or 1.29% from its previous closing of Rs. 380.90 on the BSE.
The scrip opened at Rs. 384.00 and has touched a high and low of Rs. 389.25 and Rs. 383.50 respectively. So far 281127 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 435.40 on 02-Jan-2014 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. 389.25 and Rs. 356.35 respectively. The current market cap of the company is Rs. 37430.63 crore.
The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 41.45% and 24.22% respectively.
Tata Steel is planning to start production from its greenfield plant at Kalinganagar in Odisha from Q4 FY15. The Kalinganagar project, which basically will produce flat products, will have manufacturing capacity of 3 mtpa in the first phase, which would be doubled in the next phase.
Recently, the company announced that it is set to begin a fourth test production campaign on the HIsarna pilot plant at its IJmuiden works in the Netherlands. The trial is scheduled to start mid-May and last for around six weeks.
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.
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