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27-Jan2017

Tata Steel gains on plan of enhancing capacity of Kalinganagar project to 8 mtpa

Tata Steel is currently trading at Rs. 470.60, up by 1.65 points or 0.35% from its previous closing of Rs. 468.95 on the BSE.

The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 471.00 and Rs. 463.50 respectively. So far 215316 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 476.35 on 25-Jan-2017 and a 52 week low of Rs. 211.30 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 476.35 and Rs. 451.75 respectively. The current market cap of the company is Rs. 45302.34 crore.

The promoters holding in the company stood at 31.35%, while institutions and non-institutions held 43.85% and 23.10% respectively.

Tata Steel is planning to enhance the capacity of its Kalinganagar project in Odisha to 8 million tonnes per annum (mtpa) against 6 mtpa proposed earlier. Earlier, the company had plans to produce six million tonnes in two phases originally, but now it is discussing to enhance the capacity to eight million tonnes.

The company's performance is expected to improve in the last quarter compared to the previous two quarters.

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.


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