Tata Steel jumps on inking MoU with C-MET Thrissur, Digital University Kerala to set up IICG
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Tata Steel is currently trading at Rs. 853.00, up by 15.05 points or 1.80% from its previous closing of Rs. 837.95 on the BSE.
The scrip opened at Rs. 840.00 and has touched a high and low of Rs. 856.00 and Rs. 835.90 respectively. So far 143024 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. 835.60 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 927.60 and Rs. 835.60 respectively. The current market cap of the company is Rs. 104277.64 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 joined hands with C-MET Thrissur, an autonomous society of MeitY, Govt. of India, and Digital University Kerala to set up a national ‘India Innovation Centre for Graphene’ (IICG), largely funded by the Ministry of Electronics and Information Technology (MeitY), and the Government of Kerala.
IICG has been envisioned to develop breakthrough graphene technologies and promote translational research with a focus on technologies to develop socially relevant products and applications working along with industry, academia, and startups. Tata Steel will assist the Centre in identifying industrial needs, participating in application development, scaling up, and developing a go-to-market strategy for selected technologies. The Company will play a key role in operationalising the Centre.
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.
