Tata Steel shares up 1 per cent at close
Shares of Tata Steel rose by 1% after Odisha government allowed the company to operate its four iron ore mines in the state till January 28
By PTI | Updated:
MUMBAI: Shares of Tata Steel rose by 1 per cent today after the Odisha government allowed the company to operate its four iron ore mines in the state till January 28 following the Orissa High Court's interim order.
After rising 3.92 per cent to Rs 404.70 in intra-day trade on the BSE, shares of Tata Steel ended 1.04 per cent up at Rs 393.45.
On the NSE, it settled with a gain of 1.05 per cent at Rs 393.75.
On the volume front, 13.43 lakh shares of the company changed hands on the BSE, while over 80 lakh shares traded on the NSE during the day.
"We have issued permission to Tata Steel to resume operations at its four mines in view of the high court order. The state government will take the final decision on the matter basing on the judgement of the High Court on January 28," Deepak Kumar Mohanty, Director of Mines, had told PTI.
Earlier, the state government had ordered Tata Steel to stop operations at four mines -- Bamebari, Katamati, Joda East and Joda West -- after the steel major failed to meet the November 15 deadline for forest and environment clearances.
After rising 3.92 per cent to Rs 404.70 in intra-day trade on the BSE, shares of Tata Steel ended 1.04 per cent up at Rs 393.45.
On the NSE, it settled with a gain of 1.05 per cent at Rs 393.75.
On the volume front, 13.43 lakh shares of the company changed hands on the BSE, while over 80 lakh shares traded on the NSE during the day.
"We have issued permission to Tata Steel to resume operations at its four mines in view of the high court order. The state government will take the final decision on the matter basing on the judgement of the High Court on January 28," Deepak Kumar Mohanty, Director of Mines, had told PTI.
Earlier, the state government had ordered Tata Steel to stop operations at four mines -- Bamebari, Katamati, Joda East and Joda West -- after the steel major failed to meet the November 15 deadline for forest and environment clearances.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
