Hot Pursuit     18-Nov-23
Electrosteel Castings to tentatively shut West Bengal unit for maintenance
Electrosteel Castings said that it will carry out repairs and maintenance of its blast furnace at its Khardah unit, West Bengal tentatively from 24 November 2023.
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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