Tata Steel Ltd.

Tata Steel is currently trading at Rs. 472.50, up by 5.50 points or 1.18% from its previous closing of Rs. 467.00 on the BSE.

The scrip opened at Rs. 466.00 and has touched a high and low of Rs. 472.95 and Rs. 464.00 respectively. So far 400183 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 634.80 on 25-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. 472.95 and Rs. 445.10 respectively. The current market cap of the company is Rs. 45821.90 crore.

The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 42.73% and 24.05% respectively.

Tata Steel’s European operations have reportedly secured a multi-million dollar order to supply piping for a deepwater project in the Gulf of Mexico. Further, the company’s Hartlepool plant in north-eastern England will supply US-based Enterprise Products Partners with 48,000 metric tonnes of 18-inch steel piping for a 105-mile stretch of pipeline serving the Lucius Development Project.

The Lucius project, a joint development by companies comprising Apache Corporation, Anadarko Petroleum Corporation, Plains Exploration & Production Company and three other partners, once developed will have a production capacity of 80,000 barrels of oil a day. In addition, the production from Lucius is set to be commenced in 2014.

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.