Electrosteel Castings Limited

Pinewood Strategy sold 2.05 Cr shares of Electrosteel Castings for ₹143.50 Cr at ₹70.00 apiece in a block deal.

A manufacturer of ductile iron pipes, ductile iron fittings, and cast iron pipes for water and sewage infrastructure applications across India. The company also produces and supplies pig iron as a core offering. Electrosteel Castings operates as a vertically integrated producer in the iron and steel products sector, serving municipal and industrial customers with foundry-cast products and raw material solutions.

Pinewood Strategy is a sub-strategy of the India Opportunities Growth Fund, a foreign portfolio investor managed by Elara Capital. It focuses on Indian equities, particularly mid and small-cap stocks.