Tata Steel zooms on inking MoU with Aarav Unmanned Systems
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Tata Steel zooms on inking MoU with Aarav Unmanned Systems
Jul-28-2022 11:53 Hrs IST
Tata Steel is currently trading at Rs. 100.45, up by 4.51 points or 4.70% from its previous closing of Rs. 95.95 on the BSE.
The scrip opened at Rs. 98.00 and has touched a high and low of Rs. 102.05 and Rs. 97.40 respectively. So far 4440759 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 153.46 on 16-Aug-2021 and a 52 week low of Rs. 82.71 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 102.05 and Rs. 93.21 respectively. The current market cap of the company is Rs. 119544.63 crore.
The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 41.06% and 24.24% respectively.
Tata Steel has signed a Memorandum of Understanding (MoU) with Aarav Unmanned Systems (AUS), a Bangalore-based startup providing end-to-end drone solutions, for effective mine management. The primary goal of this collaboration is to jointly develop and offer sustainable & end-to-end integrated solutions that will focus on the efficiency, safety, and productivity of open cast mining operations.
Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions including mine analytics and geo-technical mapping, to Tata Steel group companies across various stocks and mining locations in India.
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.
