Electrosteel Castings

Electrosteel Castings
Type	Public
Traded as	NSE: ELECTCAST ; BSE: 500128
Founded	1955
Headquarters	Kolkata, West Bengal, India
Key people	Pradip Kumar Khaitan; (Chairman); Umang Kejriwal; (MD); Sunil Katial; (CEO)
Revenue	₹7,360.42 crore (US$920 million) (2023)
Net income	₹315.80 crore (US$40 million) (2023)
Total assets	₹8,623.82 crore (US$1.1 billion) (2022)
Total equity	₹4,104.47 crore (US$510 million) (2022)
Website	www.electrosteel.com

Last updated June 27, 2023

Electrosteel Castings Limited is an Indian company based in Kolkata. It is one of the largest manufacturers of ductile iron pipes in the Indian sub-continent, having a production capacity of 280,000 MT per annum.^[4]^[5]^[6] Electrosteel was the pioneer in setting up a Ductile Iron Spun Pipe Plant in India in 1994 and is among the five largest producers of Spun Iron pipes in the world.^[7]^[8]

History

In 1955, Electrosteel established a Steel Foundry at Khardah, near Kolkata, West Bengal. Subsequently, it started manufacturing Gray Cast Iron Spun Pipes in 1959.

In 1982 it took over Shakti Pipes Ltd. at Elavur, near Chennai and also started making Gray Cast Iron Spun Pipes there.^[9]

In 1994, it established the first Ductile Iron Spun Pipe unit of the Indian sub-continent at Khardah. Within a few years, it received good acceptability among water engineers and the capacity was expanded to 0.28 million ton per annum.^[9] It subsequently started manufacturing Ductile Iron Fittings at Khardah in 2001.

In 2005, it also established a coke oven, a sponge iron plant and a power plant at Haldia, as a part of its backward integration drive.^[10]

International operations

About 50% of Ductile Iron Pipes and Fittings produced by Electrosteel is exported to various countries in Europe, USA, South America, South East Asia, Middle East, North and South African Countries.^[9] A number of overseas offices and subsidiary companies have been established in France, Spain, United Kingdom, United States, Singapore and Algeria.

Financials

Electrosteel reported a total income of Rs.7360.42 crores during the financial year ended March 31, 2023 as compared to Rs.5336.70 crores during the financial year ended March 31, 2022. The company has posted net profit of Rs.315.8022 crores for the financial year ended March 31, 2023 as against net profit of Rs.347.2773 crores for the financial year ended March 31, 2022.^[3]

Accreditations

Electrosteel produces ductile iron pipes and fittings as per the international benchmark and its quality is approved in various countries. The Company obtained KITEMARK License from the British Standards Institute ("BSI") for its DI Spun Pipes and Fittings.^[11] In addition, it received accreditations from Germany, BSI (UK) and various governmental approvals in the Middle East. It also secured approvals from NSF, UL and FM from USA and ACS/NF from France. Its products are also certified by the Drinking Water Inspectorate (DWI) and the Water Regulation Advisory Scheme (WRAS) in the UK.^[11]

Electrosteel is an ISO 9001 and ISO 14001 certified organization and has SA8000 certification as a socially responsible organization.

Related Research Articles

Steel Authority of India Limited (SAIL) is a central public sector undertaking based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of ₹105,398 crore (US$13 billion) for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 59,350 employees. With an annual production of 18.29 million metric tons, It is the largest government owned steel producer. The hot metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.

<span class="mw-page-title-main">Bokaro Steel City</span> Metropolis in Jharkhand, India

Bokaro, officially known as Bokaro Steel City, is a large and planned city in Jharkhand, India. It is fourth most populous city in the state It is one of the planned cities of India. Bokaro is the administrative headquarters of Bokaro district. The city is located on the banks of Garga River and on the fringes of Bokaro river and is surrounded by hill ranges at Giridih and Ramgarh districts. It is one of the most peaceful cities in India. As per 2011 census, the city's population was 563,417 and 1,100,000 of its metropolitan area. The city span across 183 km in geographic area.

Khardaha is a city and a municipality of North 24 Parganas district in the Indian state of West Bengal. It is close to Kolkata and also a part of the area covered by Kolkata Metropolitan Development Authority (KMDA).

A pipe is a tubular section or hollow cylinder, usually but not necessarily of circular cross-section, used mainly to convey substances which can flow — liquids and gases (fluids), slurries, powders and masses of small solids. It can also be used for structural applications; hollow pipe is far stiffer per unit weight than solid members.

The economy of Gujarat, a state in Western India, has significant agricultural as well as industrial production within India. Major agricultural produce of the state includes cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2015, with 1.2% of the labour force being unemployed.

<span class="mw-page-title-main">Ductile iron pipe</span>

Ductile iron pipe is pipe made of ductile cast iron commonly used for potable water transmission and distribution. This type of pipe is a direct development of earlier cast iron pipe, which it has superseded.

Electrotherm (India) Limited was founded in 1983 to address the needs of all segments of the steel, foundry, and heat treatment industries. Initially, its sole purpose was to assemble industrial furnaces for the steel and metals industry. Today, Electrotherm is a diversified conglomerate having subsidiary in the field of engineering. Their ventures include the manufacture of transformers, raw steel production, ductile iron pipe production, the manufacture of battery-powered vehicles, renewable energy technology, transmission line technology, as well as education.

American Cast Iron Pipe Company is a manufacturer of ductile iron pipe, spiral-welded steel pipe, fire hydrants, and valves for the waterworks industry, and electric-resistance-welded steel pipe for the oil and natural gas industry. Headquartered in Birmingham, Alabama, American's diversified product line also includes static castings and high performance fire pumps.

JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.

Rourkela Steel Plant (RSP), is a public sector, integrated steel plant in Rourkela, Odisha state, India. It was established on the 3rd of February 1959 with the help of West German industrial corporations on approximately 19,000 acres of land acquired from tribal inhabitants. The plant is operated by the Steel Authority of India (SAIL), a Central PSU.

Surya Roshni Limited is an Indian multinational company headquartered in Delhi that produces fans, steel, lighting, LED, kitchen appliances and PVC pipes. Surya exports its products over 44 countries and is one of the top manufacturers of LED lights in India.

The Jaquar Group, established in 1960, is a bathroom and lighting company, offers faucets, showers, shower enclosures, sanitary ware, flushing systems, wellness products, concealed cisterns, water heaters, and varied lighting products.

Skipper Limited is an Indian transmission and distribution structure manufacturing company, founded in 1981. It is headquartered in Kolkata, India. The company is a part of the SK Bansal Group, promoted by Sajan Kumar Bansal. Skipper Limited operates in the Power transmission and distribution and polymer pipes and fittings segment with presence across sub-segments such as Towers, EPC, Monopoles and Poles. It is the third largest company in India in terms of manufacturing capacity of Power T&D structures. It exports to over forty countries across South America, Europe, Africa, the Middle East, South Asia and Australia.

Siyaljori is a village in the Chandankiyari CD block in the Chas subdivision of the Bokaro district in the Indian state of Jharkhand.

MSTC Limited is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees.

Titagarh Rail Systems, formerly known as Titagarh Wagons Limited is an Indian private manufacturer of railway coaches, wagons, naval ships, commercial vessels and many other stuff related to defense hardware. Established in 1997 the company is headquartered in Kolkata, West Bengal. It is listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

JSW Bhushan Power & Steel Limited formerly known as Bhushan Power & Steel Limited is a steel company that is engaged in the manufacturing and marketing of steel products. It was established in 1970. In July 2019, BPSL was allegedly involved in fraud worth ₹3805.15 crore rupees, as detected by Punjab National Bank. It is one of India's most indebted companies and appears among the 12 companies referred by the Reserve Bank of India (RBI) to a bankruptcy court for the purpose of debt resolution.

Chas subdivision is an administrative subdivision of the Bokaro district in the North Chotanagpur division in the state of Jharkhand, India.

Shyam Metalics and Energy Ltd. (SMEL) is an Indian metal producing company, headquartered in Kolkata, West Bengal. The company produces long product structural steel, ferro alloys, pellet and sponge iron.

References

↑ "Electrosteel Castings Management Information - Details of Electrosteel Castings Management". The Economic Times. Retrieved 6 June 2023.
1 2 3 "ELECTROSTEEL CASTINGS LIMITED 2022 ANNUAL REPORT" (PDF). bseindia.com. Retrieved 26 June 2023.
1 2 3 "Electrosteel Castings Ltd posts consolidated PAT of Rs. 89.43 crores in Q4 FY2023". EquityBulls. 17 May 2023. Retrieved 26 June 2023.
↑ "Directors Report | Director Details - The Economic Times". economictimes.indiatimes.com.
↑ "Electrosteel Steels Directors Report | Electrosteel Steels Director Details - The Economic Times". economictimes.indiatimes.com. Retrieved 3 September 2018.
↑ "Electrosteel". ECL. Retrieved 16 July 2018.
↑ Behura, Monica (16 March 2016). "Electrosteel Steels: Nerves Of Steel". Business World. Retrieved 3 September 2018.
↑ "Electrosteel Castings Ltd to set up new Ferro Alloy Plant". EquityBulls. 24 March 2023. Retrieved 6 June 2023.
1 2 3 Mazumdar, Rakhi (7 November 2015). "Electrosteel Group: A steel project that became a pipe dream". The Economic Times. Retrieved 3 September 2018.
↑ "Electrosteel to set up steel plant near Kolkata". Business_Standard. 17 February 2004. Retrieved 6 June 2023.
1 2 History | Information - The Economic Times

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.

[1] "Electrosteel Castings Management Information - Details of Electrosteel Castings Management". The Economic Times. Retrieved 6 June 2023.

[AnnualReport2022-2] 1 2 3 "ELECTROSTEEL CASTINGS LIMITED 2022 ANNUAL REPORT" (PDF). bseindia.com. Retrieved 26 June 2023.

[Revenue-3] 1 2 3 "Electrosteel Castings Ltd posts consolidated PAT of Rs. 89.43 crores in Q4 FY2023". EquityBulls. 17 May 2023. Retrieved 26 June 2023.

[4] "Directors Report | Director Details - The Economic Times". economictimes.indiatimes.com.

[5] "Electrosteel Steels Directors Report | Electrosteel Steels Director Details - The Economic Times". economictimes.indiatimes.com. Retrieved 3 September 2018.

[6] "Electrosteel". ECL. Retrieved 16 July 2018.

[7] Behura, Monica (16 March 2016). "Electrosteel Steels: Nerves Of Steel". Business World. Retrieved 3 September 2018.

[8] "Electrosteel Castings Ltd to set up new Ferro Alloy Plant". EquityBulls. 24 March 2023. Retrieved 6 June 2023.

[:0-9] 1 2 3 Mazumdar, Rakhi (7 November 2015). "Electrosteel Group: A steel project that became a pipe dream". The Economic Times. Retrieved 3 September 2018.

[10] "Electrosteel to set up steel plant near Kolkata". Business_Standard. 17 February 2004. Retrieved 6 June 2023.

[et-11] 1 2 History | Information - The Economic Times

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]

[11]