Tata Steel on Monday surged nearly 4 per cent on its European arm Corus' deal with Thailand-based Sahaviriya Steel Industries (SSI) to sell its Teesside Cast Products plant in the UK.
Tata Steel was the top performer in early trade on the Bombay Stock Exchange with gaining 3.69 per cent to touch a high of Rs 529.
The scrip saw a similar trend on the National Stock Exchange and went up to Rs 529.35, reflecting an upsurge of 3.76 per cent over the previous close.
The company's UK arm Corus, on Friday, entered into a pact with SSI to sell its Teesside Cast Products plant in the UK for about USD 500 million.
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