Under the terms of the its resolution plan for Electrosteel Steels, Vedanta would be acquiring a 90% stake in the company. The issue is priced at ₹10 to ₹11 per equity share. IPO Issues Open Now. Pursuant to Regulation 30 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), please be informed that the Members of the Company, at their 65th Annual General Meeting held on 15 September, 2020, have, inter-alia: 1. That’s the bad news. You are Here : Moneycontrol Markets IPO Electrosteel Steels. More Manufacturers and Suppliers of Electrosteel TMT Bars . Electrosteel Castings (UK) Ltd, Ambrose Yard, Broombank Trading Estate, Broombank Road, Chesterfield, Derbyshire S41 9QJ Email: ADDRESS : Permanent Phone No Email: 4. 100,199,997,000 and its paid up capital is Rs. ECL has obtained mining blocks of iron ore and coking coal in the state of Jharkhand and has set up EIL for implementing the integrated steel and DI pipe plant. This paves the way for the acquisition of Electrosteel Steels by the local unit of London-listed Vedanta Resources, the … 5,320-crore resolution plan from Vedanta Ltd for the company. Contact Supplier Request a quote. 6th-Jun-2018 12:29 Source: BSE. Electrosteel Castings Limited is a pipeline solution provider. POST APPLIED FOR: 2. "The equivalent per share exit price post completion of Transaction Steps is INR 9.54 per equity share," the company said in a BSE filing. Today the Company is India's leading pipeline solution provider. The IPO opens on Sep 21, 2010, and closes on Sep 24, 2010.. KFintech Private Limited is the registrar for the IPO. According to the order, the total admitted financial debt of the corporate debtor, Electrosteel Steels Ltd, was Rs 13,395 crore. Certifications . Check out why Electrosteel Steels Ltd. share price is today. ELECTROSTEEL CASTINGS LIMITED 19, Camac Street Kolkata - 700017 Ph. Udaychal Path, Guwahati, Dist. CRISIL has assigned its 'CRISIL AA/Stable/CRISIL A1+' ratings to the bank loan facilities of Electrosteel Steels Limited (ESL). 18,490,302,500. Public issue of 225,516,188 equity shares of Rs. Electrosteel Steels - Announcement under Regulation 30 (LODR)-Allotment . The companies, with a combined debt of Rs 1.6 lakh crore, include Essar Steel, Bhushan Steel, Bhushan Power & Steel, Monnet Ispat, Alok Industries and Electrosteel Steels… Steel Fabrications. Check the professional list by Designation, Email Id, Mobile and Social Profile and more. (i) Electrosteel Steels Ltd has set up 2.51 Million Ton Per Annum (MTPA) Greenfield Integrated Steel Plant near Siyaljori village, in the Bokaro district of Jharkhand. Kamrup, Assam. ELECTROSTEEL STEELS LIMITED (FORMERLY KNOWN AS ELECTROSTEEL INTEGRATED LIMITED) Our Company was incorporated as "Electrosteel Integrated Limited" on December 20, 2006 as a public limited company under the Companies Act, 1956. 11 per equity share (including a share premium of Re. PERSONAL PARTICULARS : - Father’s Name & Occupation: Date of Birth: Height: Weight: Languages - Speak: … ADDRESS: Present: Phone No. Nifty 14,132.90 114.4. A pioneer in the manufacture of Alloy Steel Castings in India. 2289 – 4340 Part -A PERSONAL RESUME 1. KOLKATA: Electrosteel Steels is set to become the first in an initial list of big defaulters to emerge from bankruptcy proceedings, with the National Company Law Tribunal’s Kolkata bench approving a Rs. IPO Synopsis . It provides techno-economic solutions for water supply and sewerage systems. Time of Commencement of Meeting: 1130 Hours Time of Conclusion of … Please be informed that Electrosteel Steels Limited (ESL) had vide letter dated 14 June 2018 intimated the exchange the capital reduction and consolidation of the share capital of ESL. Call +91-9435041261. Electrosteel IPO is a main-board IPO of 225,516,188 equity shares of the face value of ₹10 aggregating up to ₹248.07 Crores. Shares of Srikalahasthi Pipes (SPL) and Electrosteel Castings (ECL) tanked up to 18 per cent on the BSE in the intra-day trade on Tuesday after their respective boards on Monday approved a draft scheme of amalgamation for the merger. Electrosteel Steels. Ductile iron is an iron/carbon/silicon alloy with a nodular graphite structure that produces a strong, ductile material. Electrosteel Castings Limited (ECL) is a pioneer in the production of Ductile Iron Pipes in India, with a strong presence in over 70 countries across the globe. Electrosteel Steels Limited. At a time when manufacture of Ductile Iron pipes and fittings takes place outside of the UK Electrosteel Castings (UK) Ltd recognise the need to provide a comprehensive Pipework package to our customers that enable an ‘alternative’ solution to be offered in instances of where only ‘short lead times’ are available. Benchmarks . Electrosteel Castings Limited is engaged in the business of manufacturing Ductile Iron (01) Pipes, Ductile Iron Fittings and Cast Iron (CI) Pipes. However, Kolkata-based steel maker owns and operates a greenfield integrated steel manufacturing facility near Bokaro, Jharkhand, India, which has a current capacity of 1.5 million tonnes per annum (mtpa) and the potential to increase to 2.5 mtpa. Electrosteel Steels Ltd has set up 2.51 Million Ton Per Annum (MTPA) Greenfield Integrated Steel Plant near Siyaljori village, in the Bokaro district of Jharkhand. Our Parent Company, Electrosteel Castings Ltd, was founded over 5 decades ago in India under the name of Daima Iron and Steel Ltd. It is classified as Non-govt company and is registered at Registrar of Companies, Jharkhand. NAME (In block letter) : 3. The rating is driven by strong support expected from ESL's ultimate parent, Vedanta Ltd (Vedanta; rated 'CRISIL AA/Stable/CRISIL A1+') and improvement in operational performance in fiscal 2019, after its acquisition. Electrosteel Steels on Tuesday said that Vedanta Star will make a "delisting offer" after the competition of transaction steps. The Company is the first to set up a Ductile Iron Pipe Plant in India. SYSTEM CERTIFICATE. The minimum order quantity is 600 Shares. FEATURED FUNDS ★★★★ ★ SBI … Vedanta successfully bid for the bankrupt Electrosteel Steels Ltd in April this year, making it one of the first resolutions under India’s new Insolvency and Bankruptcy Code. closed-issues. DI Pipes and Fittings. Kamrup Flat F-3, House No.11, House Of Jn Sarm, Udaychal Path, Christian Basti, Behind Christian Basti Petr, Udaychal Path, Guwahati - 781005, Dist. Mr. Katia I has been serving as the Chief Executive Officer of the Company with effect from 29 January, 2019. Disclosure of relationships Mr. Sunil Katial is not related to any of the other Directors between directors of the Company. Its authorized share capital is Rs. It primarily consists of a Sinter Plant, Coke Oven, Blast Furnace, Basic Oxygen Furnace, Billet Caster, Wire Rod Mill, Bar Mill, and Power Plant. Kumar Plywood Store Verified Supplier. Mr. Katial was CEO of Electrosteel Steels Limited from July 2016 to October 2018. Get detailed Electrosteel Steels Ltd. stock price news and analysis, Dividend, Bonus Issue, Quarterly results information, and more. Our Heritage. 033 7103 4400 / 2283 – 9990 Fax. Though Electrosteel’s current market price is Rs 1.10 per share, it’s well accepted that equity shares of an insolvent company are usually worth nothing. The stock of SPL tanked 18 per cent to Rs 109.50 on the … Electrosteel Steels Limited is a Public incorporated on 20 December 2006. Get latest Electrosteel St News/Updates and Results/Analysis. Signup Now! Prospectus. Internationally certified superior quality DI Pipes and Fittings. For further details, please refer to the section titled … DI Pipes Fittings & Special Other Products. ISO 9001:2015. The Company is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF) and Cast Iron (CI) Pipes. NSE Gainer-Large Cap . SYSTEM CERTIFICATE. Electrosteel Castings (UK) Ltd, Ambrose Yard, Broombank Trading Estate, Broombank Road, Chesterfield, Derbyshire S41 9QJ Do you like to find about Top Level of Executives and Decision makers of companies like Electrosteel Steels. Tata Steel (PP) 225.90 20.5. Electrosteel Steels Ltd. share price live updates on The Economic Times. Know more. Electrosteel Steels Ltd IPO IPO Synopsis. With more than double the tensile strength and much higher ductility than that of cast iron, ductile iron pipes are simple to joint, can be laid in all weather conditions and often without the need for selected backfill. Sector Metals & Mining. Don’t have an account? SPL shareholders will receive 59 equity shares of ECL for every 10 equity shares held in the company. 10 each of Electrosteel Steels Limited (The Company or The Issuer) for cash at a price of Rs. Electrosteel Integrated Limited, promoted by Electrosteel Castings Ltd (ECL) to setup a 2.2 MTPA Integrated Steel and Ductile Iron Spun Pipes project in Jharkhand, India. The Company’s shares were listed on the National Stock Exchange of India Limited and BSE Limited till October 29, 2018. 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