Corporate News     03-Aug-17
Outcome of board meeting of Electrosteel Castings
Held on 03 August 2017
Electrosteel Castings announced that the Board of Directors at its meeting held on 03 August 2017 has given its approval for setting up of 1 No. 9 MVA Submerged Arc Furnace along with 4.5 MW power plant at Haldia, Purba Medinipur, West Bengal. The requisite details in this regard are given below:

a.Industry or area to which the new line of business belongs to - Ferro Alloy Industry.
b.Expected benefits – Use of captive power generated from waste heat from existing manufacturing facility for production of Ferro alloys. Surplus production from Ferro Alloy Plant after captive use is proposed to be sold in open market.
c.Estimated amount to be invested – Rs.61.64 crore.

Previous News
  Electrosteel Castings consolidated net profit rises 235.80% in the December 2023 quarter
 ( Results - Announcements 08-Feb-24   13:42 )
  Board of Electrosteel Castings recommends interim dividend
 ( Corporate News - 08-Feb-24   14:22 )
  Electrosteel Castings to announce Quarterly Result
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  Electrosteel Castings standalone net profit rises 86.48% in the June 2016 quarter
 ( Results - Announcements 27-Aug-16   16:20 )
  Board of Electrosteel Castings approves proposed draft scheme of amalgamation
 ( Corporate News - 05-Oct-20   13:05 )
  Electrosteel Castings receives CCI approval for scheme of amalgamation
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  Electrosteel Castings consolidated net profit declines 20.81% in the March 2023 quarter
 ( Results - Announcements 17-May-23   16:37 )
  Electrosteel Castings net profit rises 91.32% in the September 2012 quarter
 ( Results - Announcements 11-Oct-12   18:00 )
  Electrosteel Castings consolidated net profit declines 18.83% in the December 2022 quarter
 ( Results - Announcements 14-Feb-23   16:42 )
  Electrosteel Castings director resigns
 ( Corporate News - 04-Jan-23   19:27 )
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