Tata Steel rises on planning to invest Rs 3,000 crore in Jharkhand in next 3 years to expand capacities
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Tata Steel rises on planning to invest Rs 3,000 crore in Jharkhand in next 3 years to expand capacities
Aug-30-2021 10:14 Hrs IST
Tata Steel is currently trading at Rs. 1435.00, up by 50.90 points or 3.68% from its previous closing of Rs. 1384.10 on the BSE.
The scrip opened at Rs. 1401.00 and has touched a high and low of Rs. 1435.00 and Rs. 1393.75 respectively. So far 177520 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1534.60 on 16-Aug-2021 and a 52 week low of Rs. 343.00 on 24-Sep-2020.
Last one week high and low of the scrip stood at Rs. 1425.95 and Rs. 1309.80 respectively. The current market cap of the company is Rs. 171201.70 crore.
The promoters holding in the company stood at 34.41%, while Institutions and Non-Institutions held 41.32% and 23.43% respectively.
Tata Steel is planning to invest Rs 3,000 crore in Jharkhand in the next three years with expansion of capacities of coal and iron ore mines and downstream value added steel portfolio. Tata Steel has been in Jharkhand for the past 114 years and it is a home to the steel company.
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.
