Electrosteel Steels’ proposal for restructuring of its debts to the tune of Rs. 6181.20 crore has been approved by CDR EG under the CDR mechanism from cut off date of March 01, 2013. The term loan outstanding of Non-CDR lenders amounting to Rs 611.91 crore will be outside the purview of CDR.
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.
