 "Tata Steel gains on plans to set-up new unit in SEZ")
Shares of Tata Steel climbed 1.6% to Rs 309 on the Bombay Stock Exchange (BSE) on reports stating that the company is likely to set up a new company, Tata Steel SEZ in the Special Economic Zone in Odisha. CLICK HERE FOR FULL REPORT
Tata Steel will initiate its investment in a proposed special economic zone at Gopalpur in Odisha. The company aims to attract electronic manufacturers from China and other Southeast Asian countries as well as defence sector manufacturers. The estimated cost of the project is approximately Rs 2,500 crores.
Tata Steel will initiate its investment in a proposed special economic zone at Gopalpur in Odisha. The company aims to attract electronic manufacturers from China and other Southeast Asian countries as well as defence sector manufacturers. The estimated cost of the project is approximately Rs 2,500 crores.
Meanwhile, Tata Steel UK has breathed a sigh of relief, temporarily, after the trade unions decided to call off the industrial strike against Tata Steel UK until Saturday.
The stock opened at Rs 303.9 on the BSE and touched a high of Rs 309.8. At 11:30 AM, a total of 1.24million shares changed hands on the counter on the BSE and NSE.