Tata Steel Ltd.

Tata Steel is currently trading at Rs. 475.50, up by 5.10 points or 1.08% from its previous closing of Rs. 470.40 on the BSE.

The scrip opened at Rs. 470.90 and has touched a high and low of Rs. 478.20 and Rs. 445.10 respectively. So far 317143 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. 478.20 and Rs. 445.10 respectively. The current market cap of the company is Rs. 46118.12 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 is planning to set up first phase of its upcoming steel plant at Kalinga Nagar in Odisha. The commissioning will be somewhere between October 2012 - March 2013. The first phase will have a capacity of 3.5 million tonne. Further, the second phase, which will increase Kalinga Nagar steel unit’s total production capacity to 5.5 million tonne per annum (mtpa), will be completed by March 2015.

The company has invested over Rs 11,000 crore in the new plant, which will produce flat steel products. The company has kept a capex of about Rs 4,000 crore this year for the Kalinga Nagar unit.

In addition, the company also plans to produce about 8 million tonne of steel in the current year as it will be adding new capacity at its existing unit in Jamshedpur.

Earlier, the company kept a capex of $2.5 billion for the current fiscal on its existing and expansion activities. Of this, the company will be spending $800 million on Kalinga Nagar unit, while its Tata Steel Europe would get about $600 million and the new 2.9 million tonne unit at Jamshedpur will get about $400-500 million.