Tata Steel gains on expanding Kalinganagar plant in Odisha
Tata Steel is currently trading at Rs 162.15, up by 0.90 points or 0.56% from its previous closing of Rs 161.25 on the BSE.
The scrip opened at Rs 161.50 and has touched a high and low of Rs 162.60 and Rs 161.50 respectively. So far 251107 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 184.60 on 18-Jun-2024 and a 52-week low of Rs 122.60 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs 163.55 and Rs 156.15 respectively. The current market cap of the company is Rs 202918.58 crore.
The promoters holding in the company stood at 33.19%, while Institutions and Non-Institutions held 42.97% and 23.35% respectively.
Tata Steel has expanded Tata Steel Kalinganagar (TSK) plant in Odisha. With this, annual capacity of the state-of-the-art facility jumps from 3 to 8 million tonnes per annum (MTPA). The expanded state-of-the-art facility marks a significant milestone in the Company’s journey to build a future-ready steel manufacturing ecosystem anchored in sustainability, technology, and inclusive growth. With this, Odisha has become Tata Steel’s largest investment destination.
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.
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