Tata Steel gains on unveiling 7-million pound investment plan for Hartlepool Tube Mill in England
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Tata Steel is currently trading at Rs. 1000.00, up by 7.30 points or 0.74% from its previous closing of Rs. 992.70 on the BSE.
The scrip opened at Rs. 989.00 and has touched a high and low of Rs. 1004.90 and Rs. 987.65 respectively. So far 178383 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. 990.00 on 14-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1088.50 and Rs. 987.65 respectively. The current market cap of the company is Rs. 122013.76 crore.
The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 43.38% and 21.91% respectively.
Tata Steel has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in northeast England. The investment will go into a new slitter which will allow the Hartlepool site to process coils of steel delivered from Tata's Port Talbot steelmaking site in South Wales.
All of the steel products made at the site, where almost 300 people work producing up to 200,000 tonnes of steel tubes a year, are 100 percent recyclable and the investment is forecast to pay for itself in less than three years.
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.
