Tata Chemicals is currently trading at Rs. 572.50, up by 4.05 points or 0.71% from its previous closing of Rs. 568.45 on the BSE.
The scrip opened at Rs. 575.70 and has touched a high and low of Rs. 576.80 and Rs. 570.15 respectively. So far 16176 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 585.10 on 24-Oct-2016 and a 52 week low of Rs. 310.05 on 26-Feb-2016.
Last one week high and low of the scrip stood at Rs. 581.00 and Rs. 552.50 respectively. The current market cap of the company is Rs. 14587.34 crore.
The promoters holding in the company stood at 30.80%, while institutions and non-institutions held 48.23% and 20.97% respectively.
Tata Chemicals has received its board's approval to invest Rs 565 crore to set up two facilities in Andhra Pradesh and Gujarat. Out of total investment, the Board approved an investment of Rs 270 crore for setting up of a state-of-the-art, biotechnology unit in Nellore district, Andhra Pradesh for manufacturing of soluble dietary fibres with cutting-edge health benefits. The company had signed a MoU on January 27 with Andhra Pradesh government in this regard.
Furthermore, the board has also approved an investment of Rs 295 crore for setting up of a plant to manufacture precipitated highly dispersible silica in Gujarat. This speciality chemical represents downstream value addition to the company’s soda ash business. The technology for manufacturing highly dispersible silica has been developed in-house at its innovation centre in Pune and seven patents have already been filed. Precipitated silica is a versatile product with applications in many industries including rubber, coatings, pesticides and oral care.