Tata Steel rises on launching Urja programme
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Tata Steel is currently trading at Rs. 113.05, up by 0.65 points or 0.58% from its previous closing of Rs. 112.40 on the BSE.
The scrip opened at Rs. 112.40 and has touched a high and low of Rs. 113.30 and Rs. 112.35 respectively. So far 790741 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.30 on 19-Jan-2023 and a 52 week low of Rs. 83.83 on 06-Jul-2022.
Last one week high and low of the scrip stood at Rs. 114.25 and Rs. 110.50 respectively. The current market cap of the company is Rs. 137980.30 crore.
The promoters holding in the company stood at 33.90%, while Institutions and Non-Institutions held 41.46% and 23.91% respectively.
Tata Steel is expanding its digital services with the launch of Urja, its flagship unsecured working capital finance programme, on DigECA - the Company’s centralised digital buying and selling platform for ECA (Emerging Customer Account) customers.
Urja programme has been designed for the MSMEs (Micro, Small & Medium Enterprises) and ECA customers of Tata Steel distributors. This facility is meant for customers seeking credit but finding it difficult to get the same due to the inaccessibility of unsecured finance from financial institutions/Banks/NBFCs.
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.
