New Delhi: Noel Tata has been appointed as the new chairman of Tata Trusts. Ratan Tata died late on Wednesday night at the age of 86. In the meeting of Tata Trusts on Friday, it was decided to elect Noel Tata as the successor of Ratan Tata. Noel also holds important responsibilities in Tata Group. You will be proud to know that the world’s tallest building Burj Khalifa has a special connection with the Tata Group. Not only this, the responsibility for this is on Noel Tata. Burj Khalifa located in Dubai is the tallest building in the world. To keep this building cool, it has a complete AC system. The air conditioning system in this building is from Voltas company. Voltas’ 13 thousand ton air conditioning system is installed here. Out of the steel used to build Burj Khalifa, Tata Steel has provided 39 thousand tonnes of steel. Let us tell you that Voltas Company and Tata Steel, both are Tata Group companies. Noel Tata is responsible for both these companies. Noel is the chairman of Tata Voltas and vice chairman of Tata Steel.
Tata companies in which Noel is the President have doubled their money in one year, know how much return they gave
What does Voltas do?
This Tata Group company is a multinational home appliance company. Its headquarters is in Mumbai. This company manufactures air conditioners, coolers, refrigerators, washing machines etc. This company was started in 1954. The products of this company are sold all over the world. The company has presence in the Middle East, Southeast Asia and Africa.
Since when has Noel Tata been associated with Voltas?
Noel Tata started his career with Tata International. In June 1999, he became the managing director of Trent, the group’s retail branch. It was founded by his mother. Trent later acquired the department store Littlewoods International and renamed it Westside. In 2003, Noel Tata was appointed director of Voltas.
How is the situation of shares?
Voltas shares are giving huge profits to investors. The shares of this company have also doubled the amount of investors in one year. Currently its share price is Rs 1791.45. It gained 0.83 percent on Friday. This stock has given about 108 percent return in one year. That means it has converted an investment of Rs 1 lakh into Rs 2 lakh.
On the other hand, Tata Steel shares have given much lower returns than Voltas. The one year return of Tata Steel shares is around 29 percent. Its shares gained 0.71 percent on Friday. Currently its share price is Rs 160.85.