Electrosteel Castings has received its board approval to raise Rs 300 crore through issue of fresh capital by way of equity shares, equivalent Foreign Currency Convertible Bonds (FCCBs), warrants and/or any other convertible instrument. The company’s board gave its approval on November 12, 2012.
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.
