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Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF), Cast Iron (CI) Pipes and produces and supplies Pig Iron.
Electrosteel Castings successfully completed annual maintenance at its Khardah MBF Production Facility, with operations now resumed. The Main Plant is set to restart tomorrow, restoring full production capacity and ensuring business continuity.
Electrosteel Castings will temporarily shut down its MBF Production Facility at Khardah and Main Plant for approximately 10 days for maintenance. This operational change will impact short-term production.
Electrosteel Castings' promoter group, Badrinath Industries, boosted its stake by acquiring 20,08,825 equity shares for ₹16.07 Cr. Their holding increased from 0.18% to 0.51%, signaling strong promoter confidence.
Electrosteel Castings' Promoter Group entity, Electrosteel Thermal Coal, acquired 6 lakh equity shares. This purchase was valued at ₹4.54 Cr, increasing the group's stake in the company.
Electrosteel Castings: Promoter Group entity Electrosteel Thermal Coal acquired 2.05 Cr equity shares for ~Rs 143.74 Cr. This significant purchase reinforces their stake.