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06-Nov2018

Tata Steel inches up on aiming 30 million tonne capacity by 2025 in India

Tata Steel is currently trading at Rs. 578.35, up by 0.15 points or 0.03% from its previous closing of Rs. 578.20 on the BSE.

The scrip opened at Rs. 587.00 and has touched a high and low of Rs. 587.00 and Rs. 577.15 respectively. So far 85994 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 747.25 on 31-Jan-2018 and a 52 week low of Rs. 493.50 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 587.00 and Rs. 530.10 respectively. The current market cap of the company is Rs. 69694.43 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 44.98 % and 20.86% respectively.

Tata Steel is aiming an installed capacity of around 30 million tonne per annum by 2025 in India from the existing 18.5 million tonne. The company has recently acquired Bhushan Steel and Usha Martin plants, which has a combined rated capacity of 7 million tonne per annum.

The planned 30 million tonne capacity was based on the projected capacity of the Kalinganagar plant in the state of Odisha to 8 million tonne after its second phase of expansion, the Jamshedpur plant in the state of Jharkhand (13.5 million tonne) and the two recently-acquired steel companies.

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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