Electrosteel Steels has received an approval to approach its Bankers/ Lenders through the Corporate Debt Restructuring (CDR) process for restructuring the company’s entire debt. The company has taken this step as it failed to achieve the Financial Closure of the additional loan on time as required for the project. The board of directors at its meeting held on May 20, 2013 has approved for the same.
Electrosteel Steels 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.
