CRISIL Independent Equity Research has retained the Fundamental Grade of ‘2/5’ on Electrosteel Castings implying moderate fundamentals. The credit rating agency has maintained its Valuation Grade of ‘5/5’ on the company implying that the current market price has got strong upside.
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.
