December 02, 2008

Electrosteel Castings increases equity to INR 635 crores

Electrosteel Castings Limited has informed BSE that its board at its meeting held on July 21st 2008 has accorded its consent towards the enhancement of the investment in equity of Electrosteel Integrated Limited an associate Company from INR 630 crores to INR 735 crores, which will be required in a phased manner for increase in capacity from 1.3 million tonnes per annum to 2.2 million tonnes per annum of integrated steel Plant in Jharkhand.