Kalyani Steels jumps on inking MoU with Government of Odisha
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Kalyani Steels is currently trading at Rs. 838.90, up by 22.65 points or 2.77% from its previous closing of Rs. 816.25 on the BSE.
The scrip opened at Rs. 821.00 and has touched a high and low of Rs. 888.00 and Rs. 818.00 respectively. So far 46621 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 888.00 on 23-Feb-2024 and a 52 week low of Rs. 281.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 888.00 and Rs. 794.45 respectively. The current market cap of the company is Rs. 3662.06 crore.
The promoters holding in the company stood at 64.70%, while Institutions and Non-Institutions held 12.10% and 23.20% respectively.
Kalyani Steels has signed a Memorandum of Understanding (MoU) with the Government of Odisha, to setup 0.7 MTPA Integrated Advanced Specialty Steel & Automotive Components Manufacturing Complex with an estimated investment of Rs 6,626 crore; and Phase 1 of Integrated Titanium Metal / Alloy and Aerospace & Defense Components Manufacturing Plant of 10,000 TPA capacity with an estimated investment of Rs 5,124 crore, in the State of Odisha. The company has signed MoU with the Government of Odisha on February 23, 2024.
Kalyani Steels is a leading manufacturer of forging and engineering quality carbon & alloy steels using the Blast Furnace route.
