Tata Metaliks shines on inaugurating Phase-I expansion project of DI Pipe plant at Kharagpur
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Tata Metaliks is currently trading at Rs. 845.00, up by 32.75 points or 4.03% from its previous closing of Rs. 812.25 on the BSE.
The scrip opened at Rs. 837.50 and has touched a high and low of Rs. 849.00 and Rs. 815.90 respectively. So far 7214 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1156.00 on 08-Oct-2021 and a 52 week low of Rs. 622.45 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 849.00 and Rs. 790.00 respectively. The current market cap of the company is Rs. 2564.88 crore.
The promoters holding in the company stood at 60.03%, while Institutions and Non-Institutions held 10.66% and 29.31% respectively.
Tata Metaliks has inaugurated Phase-I of expansion project of Ductile Iron (DI) Pipe plant at Kharagpur in West Bengal. This Rs 600 crore expansion project will take company’s Ductile Iron Pipe plant capacity to over 4 lakh tonnes per annum in two phases. The new plant is one of the most advanced DI Pipe plants with high levels of automation & robotics to make the operations safe and efficient. This new plant will help the company expand its product range and enhance its presence in the fast-growing water infrastructure space that is witnessing a major thrust by the Govt of India through its Jal Jeevan Mission scheme.
Tata Metaliks is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. It is a leading pig iron manufacturer and seller in India.
