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| Tata Metaliks sparkles on expansion plans |
| BS Reporter / Mumbai Nov 19, 2009, 16:04 IST |
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Tata Metaliks ended at Rs 113, higher by Rs 10 or 9%, on the BSE.
The stock opened at Rs 105 and touched a high of Rs 121 and a low of Rs 105 during the course of the day.
The stock registered trading volumes of 454,737 shares as against the two-week average of 13,832 shares.
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(Updated at 1052 am)
Tata Metaliks is trading at the day's high of Rs 119, stronger by Rs 14 or 15%, on the BSE.
The pig iron producer is eyeing a 3-5 million tonne steel plant in Karnataka, depending on the feasibility, said H M Nerurkar, chairman, on the sidelines of the company’s annual general meeting held recently.
Harsh K Jha, managing director, said 900 acres would be absolutely fine for a 3 mt unit and 5 mt was also not impossible.
Tata Metaliks is increasingly focusing on value addition and diversification into steelmaking, Jha added.
The stock registered strong trading volumes of 213,262 shares as against the two-week average of 13,832
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