Tata Steel gains 1%; commissions Kalinganagar plant

The steel company has commissioned the first phase (3 mn tonnes per annum) of its 6 MTPA capacity Kalinganagar Steel Plant in Odisha

Tata Steel has gained 1% and is at Rs. 227.50 on BSE. The steel company commissioned the first phase (3 mn tonnes per annum) of its 6 MTPA capacity Kalinganagar Steel Plant in Odisha.The company plans to expand the plant’s capacity to 16 MTPA by 2025 with the cumulative investment amounting to Rs. 1,00,000 crore.

The scrip opened at Rs. 228 and has touched a high and low of Rs. 228.95 and Rs. 225.85 respectively. 

So far 2193578(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 21934.9 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 492.5 on 19-Nov-2014 and a 52 week low of Rs. 200 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 235.8 and Rs. 216.85 respectively.

The promoters holding in the company stood at 31.35 % while Institutions and Non-Institutions held 37.73 % and 28.94 % respectively.

The stock is currently trading above its 200 DMA.