Tata Steel inches up on inking MoU with IIT Bhubaneswar REP
Tata Steel is currently trading at Rs. 137.45, up by 0.05 points or 0.04% from its previous closing of Rs. 137.40 on the BSE.
The scrip opened at Rs. 137.60 and has touched a high and low of Rs. 137.80 and Rs. 134.10 respectively. So far 1199033 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 147.35 on 07-Feb-2024 and a 52 week low of Rs. 101.65 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 147.35 and Rs. 134.10 respectively. The current market cap of the company is Rs. 171023.35 crore.
The promoters holding in the company stood at 33.70%, while Institutions and Non-Institutions held 43.32% and 22.30% respectively.
Tata Steel has signed a Memorandum of Understanding (MoU) with IIT Bhubaneswar Research and Entrepreneurship Park (IIT Bhubaneswar REP) to foster innovation, research, and entrepreneurship in projects of mutual interest. Under the MOU, Tata Steel and IIT Bhubaneswar REP, a company promoted by IIT Bhubaneswar, have joined hands to explore collaboration in different areas including materials processing and modelling, energy and environment, and low carbon steel production and circular economy.
The company’s collaboration with IIT Bhubaneswar REP will also include joint research initiatives, technology transfer and support for the startup ecosystem. The company has earlier collaborated with the institute on battery research.
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.
