Electrosteel Steels will be signing an off-take agreement with Stemcor India and/or Electrosteel Castings, for securitization of its future receivables of sale proceeds of ductile iron pipes and pig iron. The board of directors at its meeting held on February 06, 2012 has approved for the same.
Electrosteel Steels is currently in the business of manufacturing spun pipes - DI Pipes, CI Pipes and DI fittings.