Credit rating agency, CARE has reaffirmed A1+ rating of Rs 300 crore short term debt program including commercial paper of Electrosteel Castings.
The company gets the said rating reaffirmation from its reasonable track record, its promoters’ experience, adequate utilization of capacity, operating efficiency occurring out of different backward integration plans undertaken by the company.
Electrosteel Castings is engaged in the manufacturing solutions for water supply and sewerage systems. ECL has been certified for ISO 9001:2000 standard by different bodies such as IRQS and BSI for the manufacture of DI pipes for water, sewerage, gas and ash transportation.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.15 |
| JSW Steel | 1274.35 |
| SAIL | 173.20 |
| Jindal Stainless | 792.00 |
| APL Apollo Tubes | 2148.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: