Tata Steel Ltd.

Tata Steel is currently trading at Rs. 455.80, up by 10.80 points or 2.43% from its previous closing of Rs. 445.00 on the BSE.

The scrip opened at Rs. 449.15 and has touched a high and low of Rs. 457.05 and Rs. 447.35 respectively. So far 408825 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 661.00 on 18-Feb-2011 and a 52 week low of Rs. 332.35 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 457.05 and Rs. 422.10 respectively. The current market cap of the company is Rs. 44190.26 crore.

The promoters holding in the company stood at 30.72% while Institutions and Non-Institutions held 41.68% and 25.46% respectively.

Tata Steel's tubes business in Europe has chalked out a recovery plan to match business operations to current and projected market demand in the foreseeable future. The plan will focus on efficiency improvements and cost reductions with the aim of enabling the business to withstand the current weak economic conditions and restoring its profitability.

Tata Steel’s four tubes sites in the UK and the Netherlands will be affected by this recovery plan. The company anticipates job losses of around 110 employees at Corby in the UK and, in the Netherlands, 17 in Zwijndrecht, 28 in Maastricht and 45 in Oosterhout.

Tata Steel Group is amongst the leading steel manufacturers in the world with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries.