Tata Steel gains on inking business cooperation agreement with Thiess
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Tata Steel is currently trading at Rs. 1333.25, up by 7.80 points or 0.59% from its previous closing of Rs. 1325.45 on the BSE.
The scrip opened at Rs. 1332.70 and has touched a high and low of Rs. 1335.00 and Rs. 1317.20 respectively. So far 35443 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. 882.15 on 20-Apr-2021.
Last one week high and low of the scrip stood at Rs. 1366.55 and Rs. 1309.05 respectively. The current market cap of the company is Rs. 162014.76 crore.
The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 39.57% and 25.71% respectively.
Tata Steel has signed business cooperation agreement with Thiess to deliver mine technical services in areas such as exploration, resource evaluation and mine planning in India and abroad. The company will work closely with Thiess India Engineering Hub, which provides technical support to Thiess' global operations, in areas, including geotechnical and mine engineering, technology service delivery, business process automation, and learning and development services.
Thiess is a leading mining services provider based out of Brisbane, Australia. The company partners with its clients to deliver excellence in open cut and underground mining in Australia, Asia, Africa and the Americas.
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.
