Tata Steel expects India steel output at around 10 mn tn in FY16

The Kalinganagar plant will start commercial operations on April 1, the company was quoted as saying.

Tata steel Ltd has announced that it is expecting India steel output around 10 mn tn in FY16, according to reports.

The Kalinganagar plant will start commercial operations on April 1, the company was quoted as saying.

The scrip opened at Rs. 263.9 and touched a high and low of Rs. 263.9 and Rs. 248.3 respectively. A total of 11042013(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 26077.13 crore.

The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 415.8 on 06-Jan-2015 and a 52 week low of Rs. 200 on 29-Sep-2015. Last one week high and low of the scrip stood at Rs. 276.2 and Rs. 253.55 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 traded below its 200 DMA.