Electrosteel Thermal Coal Limited, a promoter, increased its stake in Electrosteel Castings Limited from 46.21% to 49.53% by purchasing 2,05,05,000 shares for ₹299.04 Cr at ₹145.84 apiece.
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.
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