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Tata Steel aka TISCO, a traders favorite.
BSE link http://www.bseindia.com/stockreach/s...scripcd=500470 Official Site http://www.tatasteel.com
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Tata Steel may fall down to 132 and 110 lvl. which would be a best bet at those lvl. Keep watching these levels. Accumulate TATA STEEL. A best black horse down the days.
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http://www.inditraders.com/showpost....3&postcount=44 Hope all factors are taken into consideration. |
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Construction of Tata Steel's Orissa plant to start by June
Published on Thu, Mar 12, 2009 , Updated at Fri, Mar 13, 2009 Tata Steel may be the sixth largest steel maker in the world, but the giant has had to fight for years to start the planned greenfield project in Orissa, which by the way has got delayed again. CNBC-TV18's Sumantra Barooah delves deeper. Producing and selling steel may sometimes be much easier than building the plant that produces it. Tata Steel would agree, because even after over four years of signing a Memorandum of Understanding with the Orissa government, it is yet to start constructing the plant. After at least a couple of rescheduled dates, the construction may now start by June, a delay of over two years. HM Nerurkar, COO, Tata Steel, said, "It's delayed because of the shifting problem etc. That seems to be now under control. We have built confidence in the people that they are not going to lose in the long-term, and people have understood that situation. We expect that in the next two months, we should be able to start construction in full speed." Once it is ready, it will have a production capacity of three million tonne annually, which was originally planned to be commissioned last year. The capacity will be doubled in the second phase. Source: http://www.moneycontrol.com/mccode/n...archresult.php
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thanks for the participation
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Shareholding pattern for Tata Steel :
Holders Name :HSBC Global Investment Funds Quantity : 13013190 Percentage Holding :1.78 Holders Name : New India Assurance Company Ltd Quantity : 9005715 Percentage Holding : 1.23 Holders Name : National Insurance Company Ltd Quantity : 8600000 Percentage Holding : 1.18 Holders Name : ICICI Prudential Life Insurance Company Ltd Quantity : 9788048 Percentage Holding :1.34 Holders Name : LIC Quantity : 84434595 Percentage Holding :11.56
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Tata Steel sales up 45% in March
April 06, 2009 Tata Steel has recorded a 45 per cent increase in sales in March 2009 to 6,96,000 tonnes from Jamshedpur Works, as compared to 4,79,000 tonnes in March 2008. Hot metal, crude steel and saleable steel grew at 20 per cent, 17 per cent and 28 per cent, respectively, in March 2009 over the same period last year. Sales for the year ended March 31, 2009, grew by nine per cent to 5.23 million tonnes. The company recorded its highest ever sales of flat products (primarily used by auto and white goods sectors) at 3.22 million tones for the year ended March 31, 2009. Long products (mainly used for construction) sales at 2 million tonnes was an increase of 25 per cent. The newly commissioned blast furnace ‘H’ in its very first year surpassed its yearly target and was running above rated capacity, according to the company. Industry sources said that the sector was seeing a surge in demand, led by the auto and white goods sectors. In the construction sector, there was demand from infrastructure projects. One of the finishing mill, the new bar mill, achieved its highest ever production of 0.611 million tonnes. The West Bokaro division for the first time dispatched 1.956 million tonnes of clean coal. Source: http://www.business-standard.com/ind...march/58132/on
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| cyclical, steel, tata steel, tisco |
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