Comments
Electrosteel Steels Ltd said it will “re-start” its production from September.
On August 10, the company had said that “a part of plant facility has commenced production (pig iron and DI pipes)’’.
In a statement, the company said that this will happen after synchronisation of production modules at its upcoming integrated steel and ductile pipe plant in Jharkhand.
The modules to be syncronised include sinter plant, coke oven, blast furnace, steel making shop, pig caster machine and rolling mill.
The listed entity is promoted by Electrosteel Castings Ltd that holds 34.8 per cent in the company.
Among the major investors are Stemcor Cast Iron Investments Ltd (19.7 per cent), IFCI (4.91 per cent), GPC Mauritius LLC (4.3 per cent) and IL&FS Financial Services has Ltd (3.69 per cent).
Sale of products like pig iron and TMT bars will also commence next moth. The company has established its marketing network, particularly, in the eastern region and gradually will extend its marketing base across the country.
jayanta.mallick@thehindu.co.in
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.