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'''Electrosteel Castings Limited''' is | {{short description|Indian ductile iron pipe manufacturer}} | ||
{{Use dmy dates|date=June 2022}} | |||
It is one of the largest manufacturers of [[ | {{Use Indian English|date=June 2022}} | ||
{{Infobox company | |||
| name = Electrosteel Castings Limited | |||
| logo = ELECTCAST.png | |||
| image = | |||
| type = [[Public company|Public]] | |||
| traded_as = {{NSE|ELECTCAST}} <br /> {{BSE|500128}} | |||
| foundation = {{sda|1955}} | |||
| location = [[Kolkata]], [[West Bengal]], India | |||
| key_people = Pradip Kumar Khaitan (chairman)<br /> Umang Kejriwal (MD) <br /> Sunil Katial<br /> (CEO)<ref>{{Cite web |title=Electrosteel Castings Management Information - Details of Electrosteel Castings Management |url=https://economictimes.indiatimes.com/electrosteel-castings-ltd/infocompanymanagement/companyid-13811.cms |access-date=2023-06-06 |website=The Economic Times |language=en}}</ref><ref name="AnnualReport2022">{{cite web|url=https://www.bseindia.com/bseplus/AnnualReport/500128/74357500128.pdf|title=ELECTROSTEEL CASTINGS LIMITED 2022 ANNUAL REPORT |website=bseindia.com|accessdate=26 June 2023}}</ref> | |||
| revenue = {{increase}} {{INRconvert|7360.42|c}} (2023)<ref name="Revenue">{{Cite web |date=2023-05-17 |title=Electrosteel Castings Ltd posts consolidated PAT of Rs. 89.43 crores in Q4 FY2023 |url=https://www.equitybulls.com/category.php?id=331955 |access-date=2023-06-26 |website=EquityBulls}}</ref> | |||
| net_income = {{decrease}} {{INRconvert|315.80|c}} (2023)<ref name="Revenue"/> | |||
| assets = {{increase}} {{INRConvert|8623.82|c}} (2022)<ref name="AnnualReport2022"/> | |||
| equity = {{increase}} {{INRConvert|4104.47|c}} (2022)<ref name="AnnualReport2022"/> | |||
| homepage = {{URL|https://www.electrosteel.com/}} | |||
}} | |||
'''Electrosteel Castings Limited''' is an Indian company based in [[Kolkata]]. It is one of the largest manufacturers of [[ductile iron pipe]]s in the Indian sub-continent, having a production capacity of 280,000 MT per annum.<ref>{{Cite web|url=https://economictimes.indiatimes.com/electrosteel-steels-ltd/directorsreport/companyid-32354.cms|title=Directors Report | Director Details - The Economic Times|website=economictimes.indiatimes.com}}</ref><ref>{{Cite web|url=https://economictimes.indiatimes.com/electrosteel-steels-ltd/directorsreport/companyid-32354.cms|title=Electrosteel Steels Directors Report {{!}} Electrosteel Steels Director Details - The Economic Times|website=economictimes.indiatimes.com|access-date=2018-09-03}}</ref><ref>{{cite web | url = https://www.electrosteel.com/ | title = Electrosteel | publisher = ECL | accessdate = 16 July 2018}}</ref> 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.<ref>{{Cite news|url=http://www.businessworld.in/article/Electrosteel-Steels-Nerves-Of-Steel/16-03-2016-91999/|title=Electrosteel Steels: Nerves Of Steel|last=Behura|first=Monica|date=2016-03-16|work=Business World|access-date=2018-09-03}}</ref><ref>{{Cite web |date=2023-03-24 |title=Electrosteel Castings Ltd to set up new Ferro Alloy Plant |url=https://www.equitybulls.com/category.php?id=329382 |access-date=2023-06-06 |website=EquityBulls}}</ref> | |||
==History == | ==History == | ||
[[File:Electrosteel_Castings_Limited_-_Khardaha_-_North_24_Parganas_2012-04-11_9703.JPG|thumb|248x248px|Plant of Electrosteel Castings at [[Khardaha]].]] | |||
In 1955, Electrosteel established a Steel Foundry at [[Khardaha|Khardah]], near [[Kolkata]], West Bengal. Subsequently, it started manufacturing Gray Cast Iron [[Cast iron pipe|Spun Pipes]] in 1959. | In 1955, Electrosteel established a Steel Foundry at [[Khardaha|Khardah]], near [[Kolkata]], West Bengal. Subsequently, it started manufacturing Gray Cast Iron [[Cast iron pipe|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.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/electrosteel-group-a-steel-project-that-became-a-pipe-dream/articleshow/49696024.cms|title=Electrosteel Group: A steel project that became a pipe dream|last=Mazumdar|first=Rakhi|date=2015-11-07|work=The Economic Times|access-date=2018-09-03}}</ref> | In 1982 it took over Shakti Pipes Ltd. at Elavur, near Chennai and also started making Gray Cast Iron Spun Pipes there.<ref name=":0">{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/electrosteel-group-a-steel-project-that-became-a-pipe-dream/articleshow/49696024.cms|title=Electrosteel Group: A steel project that became a pipe dream|last=Mazumdar|first=Rakhi|date=2015-11-07|work=The Economic Times|access-date=2018-09-03}}</ref> | ||
In 1994, it established the first Ductile Iron Spun Pipe unit of the Indian sub-continent at [[Khardaha|Khardah]]. Within a few years, it received good acceptability among water engineers and the capacity was expanded to 0.28 million ton per annum.<ref name=":0" /> 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.<ref>{{Cite web |date=2004-02-17 |title=Electrosteel to set up steel plant near Kolkata |url=https://www.business-standard.com/article/companies/electrosteel-to-set-up-steel-plant-near-kolkata-104021701021_1.html |access-date=2023-06-06 |website=Business_Standard |language=en-US}}</ref> | |||
== International operations == | |||
About 50% of [[Ductile iron pipe|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.<ref name=":0" /> A number of overseas offices and [[subsidiary companies]] have been established in France, Spain, United Kingdom, United States, Singapore and [[Algeria]]. | |||
Electrosteel Castings <ref>https://www.electrosteel.com/document/23254851-Board-Meeting-Outcome-31-July-%202024.pdf {{Bare URL PDF|date=August 2025}}</ref> acquired Singardo International, a company in the water and gas sectors, to expand its market reach in Southeast Asia and leverage Singardo's<ref>https://www.electrosteel.com/document/16254784-Transcript-of-Investors-Concall-held-on-30-October-2024.pdf {{Bare URL PDF|date=August 2025}}</ref> global sales network for sourcing and trading of industry products.<ref>https://www.business-standard.com/markets/capital-market-news/electrosteel-castings-acquires-singardo-international-124100701046_1.html {{Bare URL inline|date=August 2025}}</ref> | |||
== | == 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.<ref name="Revenue" /> | |||
== Accreditations == | == 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 ( | 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.<ref name=et>[https://economictimes.indiatimes.com/electrosteel-steels-ltd/infocompanyhistory/companyid-32354.cms History | Information - The Economic Times]</ref> 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.<ref name=et /> | ||
Electrosteel is an [[ISO 9000|ISO 9001]] and [[ISO 14000|ISO 14001]] certified organization and has [[SA8000]] certification as a [[Corporate social responsibility|socially responsible]] organization. | Electrosteel is an [[ISO 9000|ISO 9001]] and [[ISO 14000|ISO 14001]] certified organization and has [[SA8000]] certification as a [[Corporate social responsibility|socially responsible]] organization. | ||
| Line 25: | Line 47: | ||
[[Category:Manufacturing companies based in Kolkata]] | [[Category:Manufacturing companies based in Kolkata]] | ||
[[Category:Companies listed on the Bombay Stock Exchange]] | [[Category:Companies listed on the Bombay Stock Exchange]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Indian companies established in 1955]] | [[Category:Indian companies established in 1955]] | ||
[[Category:1955 establishments in West Bengal]] | [[Category:1955 establishments in West Bengal]] | ||
[[Category:Manufacturing companies established in 1955]] | [[Category:Manufacturing companies established in 1955]] | ||
Latest revision as of 11:46, 6 February 2026
 | |
| Traded as | NSE: ELECTCAST BSE: 500128 |
|---|---|
| Founded | Template:Sda |
| Headquarters | Kolkata, West Bengal, India |
Key people | Pradip Kumar Khaitan (chairman) Umang Kejriwal (MD) Sunil Katial (CEO)[1][2] |
| Revenue |  ₹7,360.42 crore (US$1.0 billion) (2023)[3] |
 ₹315.80 crore (US$44 million) (2023)[3] | |
| Total assets | ₹8,623.82 crore (US$1.2 billion) (2022)[2] |
| Total equity | ₹4,104.47 crore (US$580 million) (2022)[2] |
| Website | www |
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[edit | edit source]
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[edit | edit source]
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.
Electrosteel Castings [11] acquired Singardo International, a company in the water and gas sectors, to expand its market reach in Southeast Asia and leverage Singardo's[12] global sales network for sourcing and trading of industry products.[13]
Financials[edit | edit source]
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[edit | edit source]
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.[14] 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.[14]
Electrosteel is an ISO 9001 and ISO 14001 certified organization and has SA8000 certification as a socially responsible organization.
References[edit | edit source]
- ↑ "Electrosteel Castings Management Information - Details of Electrosteel Castings Management". The Economic Times. Retrieved 6 June 2023.
- ↑ 2.0 2.1 2.2 "ELECTROSTEEL CASTINGS LIMITED 2022 ANNUAL REPORT" (PDF). bseindia.com. Retrieved 26 June 2023.
- ↑ 3.0 3.1 3.2 "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.
- ↑ 9.0 9.1 9.2 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.
- ↑ https://www.electrosteel.com/document/23254851-Board-Meeting-Outcome-31-July-%202024.pdf Template:Bare URL PDF
- ↑ https://www.electrosteel.com/document/16254784-Transcript-of-Investors-Concall-held-on-30-October-2024.pdf Template:Bare URL PDF
- ↑ https://www.business-standard.com/markets/capital-market-news/electrosteel-castings-acquires-singardo-international-124100701046_1.html [bare URL]
- ↑ 14.0 14.1 History | Information - The Economic Times