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Tata Steel shines on partnering with World Economic Forum

Tata Steel is currently trading at Rs. 365.70, up by 5.85 points or 1.63% from its previous closing of Rs. 359.85 on the BSE.

The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 368.80 and Rs. 355.00 respectively. So far 880666 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 610.00 on 14-Nov-2018 and a 52 week low of Rs. 320.30 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 368.80 and Rs. 349.40 respectively. The current market cap of the company is Rs. 44070.77 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 43.89% and 22.01% respectively.

Tata Steel has partnered with the World Economic Forum (WEF) to experiment, design and deploy blockchain solutions that will accelerate responsible sourcing and sustainability practices. The new ‘Mining and Metals Blockchain Initiative’ will explore the building of a blockchain platform to address transparency, the track and tracing of materials and the reporting of carbon emissions or increasing efficiency.

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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