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2025-12-10 12:51:25 pm | Source: Accord Fintech
Tata Steel gains on securing Indo-Sweden funding under ITP for two decarbonisation projects
Tata Steel gains on securing Indo-Sweden funding under ITP for two decarbonisation projects

Tata Steel is currently trading at Rs. 162.45, up by 1.85 points or 1.15% from its previous closing of Rs. 160.60 on the BSE.

The scrip opened at Rs. 161.10 and has touched a high and low of Rs. 162.50 and Rs. 160.85 respectively. So far 320897 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 187.00 on 29-Oct-2025 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. 168.00 and Rs. 160.00 respectively. The current market cap of the company is Rs. 202107.15 crore.

The promoters holding in the company stood at 33.19%, while Institutions and Non-Institutions held 44.39% and 21.92% respectively.

Tata Steel has been awarded funding under the Indo-Sweden Industry Transition Partnership (ITP) for two collaborative projects focused on accelerating decarbonisation in the steel and cement sectors. The ITP initiative is supported by LeadIT, the Department of Science and Technology (Government of India), and the Swedish Energy Agency, and is designed to fast-track the development of technologies that can enable deep emission reductions across heavy industries.

Under this programme, Tata Steel will lead two research and innovation projects in partnership with academic institutions and technology companies from India and Sweden. This cross-border collaboration reflects a shared commitment by both governments to support industrial transformation through science, technology and joint innovation, particularly in sectors that are central to the global energy transition.

The first project, ‘MiCOBlast’, focuses on the development of a microwave plasma-assisted technology for converting blast furnace off-gases into value-added products. Working with IIT Hyderabad and Swedish partner - Green14, the project aims to demonstrate a viable pathway for industrial carbon utilisation by re-engineering the way carbon-rich gases are treated within the steelmaking process. By advancing this technology towards pre-piloting readiness, the project has the potential to significantly reduce emissions from traditional ironmaking.

The second initiative, ‘Steel Slag Reborn’, addresses the resource efficiency challenge across both the steel and cement value chains. In collaboration with IIT ISM Dhanbad, J K Cement and Sweden’s Cemvision, the project will work on recovering high-value metallics from steel slag while converting the remainder into sustainable supplementary cementitious material.

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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