Earthstahl & Alloys Ltd Share Price

The company was originally incorporated as a Private Limited Company under the name ‘Earthstahl & Alloys Private Limited’ on December 09, 2009 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh and Chhattisgarh. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Annual General Meeting, held on August 27, 2022, the company was converted into a Public Limited Company and consequently the name of the company was changed from ‘Earthstahl & Alloys Private Limited’ to ‘Earthstahl & Alloys Limited’ vide a fresh certificate of incorporation dated September 21, 2022, issued by the Registrar of Companies, Chhattisgarh.

Earthstahl & Alloys originally established in 2009 as a Greenfield project for production of cast iron lumps through submerged arc furnace route by first generation Entrepreneurs  and Technocrats with diverse and wide industrial and commercial experience. In addition to production of cast iron lumps, the company has put up a Lost Foam based Foundry for production of high end ductile iron, cast iron, steels, alloys, and non-ferrous castings which has plenty of uses such as-pellet plants, cement plants, sponge iron plants, power plants, automobiles, railways, mining, agriculture equipments, pipes and fittings.

The company started its operations of manufacturing cast iron in the year 2012 with one submerged electric arc furnace with capacity of 3.6 MVA to manufacture 10,500 tonnes p.a. of Cast iron Lumps and thereafter in the year 2017 the company forayed into the Ductile Iron Pipes fittings segment to cater to the growing water infrastructure requirements in the country for which it commissioned Lost Foam based Steel Foundry consisting of one induction furnace with two crucibles, one of 500 KG and another 1000 KG to produce Ductile iron pipe fittings of different dimensions, shapes and sizes used in water supply system.

The foundry is also capable of producing parts or components of plant and machinery/ automobiles using foam molds and therefore the company can produce various parts of Pellet plants, Cement plants, Sponge iron plants, Power plants, Automobile Sector, Railway & Ductile Iron Pipes Fittings. Over the years, the company has been successful in manufacturing a full range of BIS Certified Ductile Iron Pipe Fittings of upto 600 mm width with accuracy, consistency & smooth surface finish. In the year 2022, the company also commissioned another 5.5 MVA submerged electric arc furnace to manufacture 15,750 tonnes p.a. of cast iron lumps.

Business area of the company

The company is engaged in the business of manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. The Cast Iron Lumps manufactured by the company are then used in the form of raw material to manufacture products like cast iron pipe fittings, machine components such as latche machines, fan components, manhole covers, decorative cast iron pieces, cast iron pipe fitting and other units engaged in manufacturing of steel or cast iron products.

Major events and milestones

• 2009: Incorporation of the Company in the name of ‘Earthstahl & Alloys Private Limited’.
  
• 2012: Commissioned of one Submerged Electric Arc Furnace with capacity of 3.6 MVA to manufacture 10500 MTs of Cast Iron lumps.
  
• 2015: Closure of Plant.
  
• 2018: Restarting of Plant.
  
• 2017: Started commercial production of manufacturing ductile iron pipe fittings.
  
• 2020: Shutdown of plant during COVID from March 2020 to August 2020.
  
• 2022: Commissioned another Submerged Electric Arc Furnace with capacity of 5.5MVA to manufacture 15,750 MTs of Cast Iron lumps.
  
• 2022: Conversion of Private limited Company to Public Limited Company.