Tata Steel Ltd.

Tata Steel is currently trading at Rs. 113.80, up by 0.05 points or 0.04% from its previous closing of Rs. 113.75 on the BSE.

The scrip opened at Rs. 113.80 and has touched a high and low of Rs. 114.20 and Rs. 113.25 respectively. So far 1642205 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.30 on 19-Jan-2023 and a 52 week low of Rs. 82.71 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 114.20 and Rs. 108.70 respectively. The current market cap of the company is Rs. 139080.23 crore.

The promoters holding in the company stood at 33.90%, while Institutions and Non-Institutions held 41.46% and 23.91% respectively.

Tata Steel has signed a Memorandum of Understanding (MoU) with Germany’s SMS group to collaborate on decarbonisation of steel making process. As part of the MoU, the companies shall undertake further technical discussions and initiate actions for conducting Joint Industrial Demonstration of the EASyMelt technology, developed by SMS group.

The demonstration will be executed at ‘E’ Blast Furnace in Tata Steel’s Jamshedpur plant with an objective to reduce CO2 emission by more than 50% from blast furnace’s baseline operation. The EASyMelt (electric-assisted syngas smelter) technology is a cutting-edge iron making solution that can be implemented in an existing integrated steel plants to accelerate decarbonisation. The core of the technology utilises blast furnace top gas recycling for syngas production through reforming of coke oven gas. The resulting syngas is then injected at both shaft and tuyere level, with the gas injected at the tuyere level further being heated using a plasma torch system.

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.