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Electrosteel Steels to sign an off-take agreement with Stemcor India

08 Feb 2012 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1221.65
Tata Steel 172.30
Steel Authority 169.30
Jindal Stainless 733.35
APL Apollo Tubes 2067.80
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