Tata Steel shines as its Tubes Division launches 'Tata EzyFit’
Tata Steel is currently trading at Rs. 1315.70, up by 27.20 points or 2.11% from its previous closing of Rs. 1288.50 on the BSE.
The scrip opened at Rs. 1305.00 and has touched a high and low of Rs. 1321.00 and Rs. 1293.85 respectively. So far 365604 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. 681.20 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 1321.00 and Rs. 1091.30 respectively. The current market cap of the company is Rs. 160920.77 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’s Tubes Division has expanded its branded products and retail solutions by launching ‘Tata EzyFit’, a brand of innovative tubes for door and window frames. Since steel is 100 percent recyclable, these tubes are sustainable. This is yet another initiative by the company towards saving trees and nature conservation.
The unique geometry of Tata EzyFit tubes enables a high strength-to-weight ratio, making them ideal for welding, shaping, and construction of strong frames that fit snugly with doors and windows without gaps and provide customised frame as per the customer requirement.
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.