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Electrosteel Castings gains on getting nod to raise Rs 300 crore

12 Nov 2012 Evaluate

Electrosteel Castings is currently trading at Rs. 26.15, up by 0.20 points or 0.77% from its previous closing of Rs. 25.95 on the BSE.

The scrip opened at Rs. 26.10 and has touched a high and low of Rs. 26.95 and Rs. 25.80 respectively. So far 140235 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 29.20 on 07-Nov-2012 and a 52 week low of Rs. 15.80 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 29.20 and Rs. 25.75 respectively. The current market cap of the company is Rs. 843.02 crore.

The promoters holding in the company stood at 48.56% while Institutions and Non-Institutions held 14.10% and 36.50% respectively.

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.

Electrost Castings Share Price

80.68 -4.06 (-4.79%)
17-Apr-2026 16:59 View Price Chart
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