Tata Steel Ltd.

Tata Steel is currently trading at Rs. 452.05, up by 4.15 points or 0.93% from its previous closing of Rs. 447.90 on the BSE.

The scrip opened at Rs. 449.20 and has touched a high and low of Rs. 455.70 and Rs. 447.90 respectively. So far 434060 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 641.85 on 07-Apr-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. 476.00 and Rs. 445.05 respectively. The current market cap of the company is Rs. 43767.78 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 has opened a new steel distribution centre on Teesside to provide a faster and more efficient service for the construction industry. The company has invested £3.1 million to create the new facility, which is located on the company’s Lackenby site, adjacent to its Teesside Beam Mill.

The opening of the centre has already led to the creation of 30 new jobs, which have been filled by Tata Steel employees redeployed from the company’s Teesside Beam Mill and Steelpark distribution centre in Wednesfield, West Midlands. Further jobs could be created within the new facility in the future if improved market conditions lead to the centre handling larger volumes of steel products. 

The new centre will be responsible for managing and distributing around 100,000 tonnes of the company’s construction steel stock from the Teesside Beam Mill, the sections mill in Scunthorpe, North Lincolnshire, and Tata Steel’s tubes mills in Corby, Northamptonshire. 

The European operations of Tata Steel (formerly known as Corus) comprise Europe's second largest steel producer. With main steelmaking operations in the UK and the Netherlands, they supply steel and related services to the construction, automotive, packaging, lifting & excavating, energy & power, and other demanding markets worldwide.

Tata Steel is one of the world’s top ten steel producers. The combined group has an aggregate crude steel capacity of more than 28 million tonnes and approximately 80,000 employees across four continents.