Tata Metaliks is in the limelight today morning, with the stock price going up 2% to Rs.616. Its 52-week high and low is at Rs.911.95 and Rs.545 respectively.
The stock price has gone up on news that the Ministry of Environment, Forest and Climate Change has issued the Environmental Clearance for its proposed expansion.
The company is increasing Hot Metal production from 0.50 MTPA to 0.75 MTPA, Ductile Iron Pipe production from 0.30 MTPA to 0.50 MTPA and Castings of 0.1 MTPA at the company''s existing facility located at Kharagpur, West Bengal.
The above clearance, received on 29 January, 2019, is subject to fulfilment of certain conditions and subsequent State Regulatory approvals.