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It is expected that the blast furnace would be operational after 3 to 4 weeks. All other units of the company will operate normally during this period.
Electrosteel Castings is engaged in the business of manufacturing ductile iron (DI) pipes, ductile iron fittings (DIF) and cast iron(CI) pipes.
On a consolidated basis, the company's net profit zoomed 230.3% to Rs 1,74.57 crore on 7.6% advance in net sales to Rs 1,919.34 crore in Q2 FY24 over Q2 FY23.
The scrip declined 2.66% to end at Rs 106.56 Friday, 17 November 2023.
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