Tuesday , September 21 2021

Tata Steel BSL gains on the bourses

Tata Steel BSL is currently trading at Rs. 92.50, up by 1.40 points or 1.54% from its previous closing of Rs. 91.10 on the BSE.

The scrip opened at Rs. 91.10 and has touched a high and low of Rs. 94.00 and Rs. 91.10 respectively. So far 136294 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 109.60 on 11-May-2021 and a 52 week low of Rs. 19.95 on 25-Sep-2020.

Last one week high and low of the scrip stood at Rs. 101.00 and Rs. 89.05 respectively. The current market cap of the company is Rs. 10158.05 crore.

The promoters holding in the company stood at 72.65%, while Institutions and Non-Institutions held 5.33% and 22.02% respectively.

Tata Steel BSL has set up the ‘world’s first’ ultraviolet oxidation plant in the industry at its facility in Odisha’s Dhenkanal district to treat cyanide in coke oven wastewater, a deadly pollutant. The UV oxidation unit has been established with support from the research and development team of parent company Tata Steel.

The conventional method of treating cyanide in coke oven wastewater is called solid sludge separation technology, which may lead to cyanide toxicity by secondary means of toxic sludge decomposition. The UV oxidation technology would address the issue at the Narendrapur plant with a capacity to treat 80 cubic meters of wastewater per hour.

Tata Steel BSL formerly known as Bhushan Steel is the largest manufacturer of auto-grade steel in India. Tata Steel BSL with a large amount of debt in proportion to its equity is a highly leveraged company.

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