DI Pipes Fittings & Special Other Products. Although my analysis for Electrosteel Steels is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. Sources tell CNBC-TV18, six players have submitted an Expression of Interest for debt-laden Electrosteel Steels in response to the memorandum that was floated by the insolvency professional and this includes names like Tata Steel. SYSTEM CERTIFICATE. Follow the latest in business and stock markets on BloombergQuint. KOLKATA: Anil Agarwal, chairman of resources major Vedanta group which acquired Electrosteel Steels under the Insolvency and Bankruptcy Code earlier this year, is keen to make it the vehicle for his expansion into the steel sector. Choose your winners rationally in 3 simple steps! Size Micro Cap Style Market Cap £n/a: Enterprise Value £n/a: Revenue: £505.6m: Position in Universe: th / 3027 Quality. Vedanta has said Electrosteel Steels Limited that was acquired in 2018 has recorded an improvement in operational performance with EBITDA margins of over $100 per tonne in Q4 FY20. BSE | Tata Motors | Surya Roshni | Ujjivan Financial | Tata Power | Excel Crop | Cosmo Films | Subros | Glenmark Pharma | Godfrey Phillips | Aegis Logistics and AstraZeneca are stocks, which are in the news today. Electrosteel Castings Limited (ECL) is a pioneer in the production of Ductile Iron Pipes in India, with a strong presence in over 70 countries across the globe. The total income of the company increased to Rs 1,046.15 crore in April-June quarter over Rs 814.94 crore in the year-ago period, it said. Electrosteel Steels: Get Electrosteel Steels Latest News, Videos and Photos also find Breaking news, updates, information on Electrosteel Steels. Renaissance Steel has questioned the eligibility of Tata Steel and Anil Agarwal-run Vedanta to bid under the bankruptcy process alleging the move to be a breach of the law. Get latest Electrosteel St News/Updates and Results/Analysis. The Group has successfully forayed into Steel Making with an Integrated Steel & DI Pipe Plant at Bokaro, commissioned in consultation with reputed international agencies. The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels. New Delhi: Electrosteel Steels Ltd on Tuesday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd and subsequent delisting from stock exchanges. ELECTROSL - Electrosteel Steels Share News ₹31 0.0 0.0% Last Trade - 12/12/18. DI Pipes Fittings & Special Other Products. Starbridge Finance Limited sold 12,050,000 shares of Electrosteel Steels at Rs 4 per share on the NSE. Electrosteel Steels Ltd. was incorporated in the year 2006. Internationally certified superior quality DI Pipes and Fittings. Watch videos, top stories and articles on Electrosteel Steels at moneycontrol.com. New Delhi, Oct 30 (PTI) Electrosteel Steels Tuesday said its … Electrosteel Steels Limited is an India-based company, which is engaged in basic iron and steel business. Electrosteel Steels debt: Read Electrosteel Steels debt Latest News also find Videos, Photos and information about Electrosteel Steels debt from ZeeBiz.COM. Get all latest & breaking news on Electrosteel Steels. The board of Electrosteel Steels will meet on Monday to mull delisting. Get details on Electrosteel Steels Ltd. news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. ELECTROSTEEL est fier d’avoir participé à une des semaines de formation des nouvelles recrues de VEOLIA en reconversion. Explore more on Electrosteel Steels at Dnaindia.com. Vedanta has recently entered the steel business by acquiring Electrosteel Steels for Rs5,320cr. The Vedanta-owned company was re-listed after the insolvency procedure. Business Standard News: Announcements : Electrosteel Steels Announcements, Electrosteel Steels updates and more at Business Standard news. Choose your reason below and click on the Report button. Find Electrosteel Latest News, Videos & Pictures on Electrosteel and see latest updates, news, information from NDTV.COM. ACC -1.86%. Electrosteel Steels board approves delisting of company. Electrosteel Steels Ltd has informed BSE that 4th Annual General Meeting (AGM) of the Company was held on July 15, 2011. The Company offers pig iron, billets, TMT bars, wire rods, and ductile iron pipes. Your Reason has been Reported to the admin. Electrosteel are a leading manufacturer of Ductile Iron Pipes, Fittings, and Ancillary Pipeline Products supplying around the globe. KOLKATA: Lenders to beleaguered Electrosteel Steels have urged the National Company Law Tribunal to admit insolvency proceedings against the West Bengal-headquartered company. Esl financial results, Esl shareholding, Esl annual reports, Esl pledge, Esl … Electrosteel Steels, which owes more than Rs 10,200 crore to an SBI led consortium of lenders, is among the 12 cases identified by the Reserve Bank of India’s advisory panel for insolvency proceedings under … Electrosteel Steels Ltd. Stock/Share prices today, Electrosteel Steels Ltd. Live BSE/NSE. ETAuto | Weighing Options in Karnataka: Electrosteel CEO . Electrosteel Steels Ltd. manufactures metal products. The plant will be part of the company’s newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vedanta Resources chairman Anil Agarwal said. These companies are Electrosteel Steels Ltd (relisted in June 2018), Monnet Monnet Ispat & Energy Ltd (September 2018), GB Global Ltd (July 2019), Ruchi Soya Industries Ltd (January 2020), Alok Industries Ltd (February 2020), and Bafna Pharmaceuticals Ltd (February 2020). DI Pipes and Fittings. MUMBAI: Banks led by State Bank of India will decide on Thursday the fate of three large defaulters — Essar Steel, Bhushan Steel and Electrosteel Steels — which constitute nearly half the loans of the top 12 defaulters identified by the Reserve Bank of India, thus marking a significant phase in the effort of lenders to clean up bad loans. Get today's Electrosteel Steels Ltd stock price and latest ELES news as well as Electrosteel Steels real-time stock quotes, technical analysis, full financials and more. On June 21, Electrosteel Steels informed exchanges that it has remitted the amount to its financial creditors. ISO 9001:2015. You might want to buy the stock tomorrow in intra day with a stoploss of 1.1, for a target of 1.3 or 1.38 ESL Electrosteel Steels is falling or rising NEWS fundamental reasons On October 17, 2016 Roundabout Finance Ltd sold 1,20,50,000 shares of Electrosteel Steels. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Bankers defer Rs 7,000-cr CDR plan of Electrosteel. Our digital streaming service includes comprehensive live programming on a daily basis, from global and domestic markets, coverage to views from the most influential newsmakers in business and finance. On May 30, NCLAT allowed Vedanta to make a Rs 5,320 crore upfront payment to lenders for acquiring Electrosteel Steels with a caveat that the payment would be subject to the outcome of the petition filed by Renaissance Steel challenging Vedanta’s bid. Markets Today Top Gainers DMART 3.11%. New Delhi, Oct 30 (PTI) Electrosteel Steels Tuesday said its … Electrosteel Steels Limited Registered Office: 801, Uma Shanti Apartments, Kanke Road, Ranchi - 834 008, Jharkhand, India Corporate Identity Number: L27310JH2006PLC012663 from Vedanta Star Limited Registered Office: M 11, 1st Floor, VIP Road, Harmu Housing Colony, P.S. Inciting hatred against a certain community, How your focus on sustainability can actually increase in sales. The delisting proposal was taken on record and approved, in the meeting of the board of directors held today, the company said in a BSE filing. On December 22, 2016 Starbridge Finance Limited sold 1,20,50,000 shares of Electrosteel Steels. Check out why Electrosteel Steels Ltd. share price is today. Notice to Operational Creditors. Former legislator says 11 of the 19 MLAs could leave party soon, Tax benefits for an HUF and How to create capital for HUF, Webinar Presented by Knowlarity & Freshworks. The board of Electrosteel Steels Monday approved the proposal to delist the company, according to a regulatory filing.The delisting proposal was taken on record and approved, in the meeting of the board of directors held today, the company said in Electrosteel Steels News and Announcements/notices, Live Electrosteel Steels corporate announcement on Deals, Bonus, Rights, Stock Splits, Dividends, Board Meetings, Quarterly Results on Moneycontrol. NCLAT declines to stay delisting of ElectroSteel Steels by Vedanta On May 30, NCLAT allowed Vedanta to make a Rs 5,320 crore upfront payment to lenders for acquiring Electrosteel Steels with a caveat that the payment would be subject to the outcome of the petition filed … Get today's Electrosteel Steels Ltd stock price and latest ELES news as well as Electrosteel Steels real-time stock quotes, technical analysis, full financials and more. The company has allotted nearly 740 crore equity shares to 26 lenders, out of which the country's largest lender State Bank of India got 271,61,79,203 equity shares. ELECTROSTEEL STEELS LTD : News, information and stories for ELECTROSTEEL STEELS LTD | NSE India Stock Exchange: ELECTROSL | NSE India Stock Exchange Electrosteel St Standalone September 2018 Net Sales at Rs 1,098.68 crore, up 44.14% Q-o-Q, Electrosteel reports net profit of Rs 927.96 crore for April-June quarter, NSE imposes Rs 1 crore penalty on Electrosteel Steels for non-compliance of disclosure norms, Vedanta acquires management control of Electrosteel Steels, Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk, Electrosteel allots shares worth Rs 7,400 cr to lenders, Vedanta deposits Rs 5,320 cr in Electrosteel Steels escrow account, CCI approves acquisition of Electrosteel Steels by Vedanta, Vedanta wins bid to acquire Electrosteel Steels, Renaissance Steel questions Tata Steel, Vedanta's eligibility for Electrosteel bid, We see great opportunity to grow in India: Tata Steel, Lenders likely to miss December-end IBC resolution deadline for steel companies, Ban trading in firms referred to NCLT, says Sajjan Jindal, Electrosteel Steels rallies 13% as six players submit expression of interest for acquisition, Six players submit an Expression of Interest for debt-laden Electrosteel Steels: Sources, Electrosteel Steels gains 20% on buzz of Edelweiss making bailout offer, Edelweiss Group to bail out Electrosteel Steels: Sources, Electrosteel Steels, Tinplate slip 5-6% on poor Q3 numbers, Stocks in news: BSE, Tata Power, Glenmark, Sun TV, Ujjivan, Starbridge Finance sells 12 lakh shares of Electrosteel Steels, Starbridge Finance sells 1.2 cr shares of Electrosteel Steels, Stocks in news: M&M, NHPC, Puravankara, Claris, Banco Products, Roundabout Finance sells 1.2 cr shares of Electrosteel Steels, Four key factors that will drive gold prices in January, Home sales across top eight cities touch 94,997 units; Rs 50 lakh homes make up approximately 57% of the total sales, 3-Point Analysis | World Bank: India’s GDP to plunge 9.6%, Global Economy to Expand By 4% In FY21, Explained | Why India’s Manufacturing PMI Rises To 56.4 In December 2020. Its current market capitalisation stands at Rs 6091 Cr. Though Electrosteel’s current market price is Rs 1.10 per share, it’s well accepted that equity shares of an insolvent company are usually worth nothing. 2018-12-25 livemint.com - Kolkata: Vedanta Ltd on Tuesday said it will set up a new steel plant in Jharkhand with a capacity of 4.5-million-tonne-per-annum at an investment of $3-4 billion. Electrosteel Steels' Q3 net loss increased to Rs 413 crore from loss of Rs 232 crore. Why follow tips? Electrosteel Steels Ltd. share price live updates on The Economic Times. Electrosteel is set to achieve the best ever production of 1.4 million tonnes in FY20. New Delhi, Oct 30 (PTI) Electrosteel Steels Tuesday said its … Electrosteel are a leading manufacturer of Ductile Iron Pipes, Fittings, and Ancillary Pipeline Products supplying around the globe. Read all the latest news and updates on Electrosteel Steels only on News18.com. 26/02/2020 02:07:04 PM Share: ET Auto @ETAuto. what will happen for the share holders at present? Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth, Electrosteel Steels board approves delisting of company, The board of Electrosteel Steels Monday approved the proposal to delist the. Dec 06, 2018 16:05 Source: NSE ELECTROSTEEL STEELS LIMITED. Electrosteel Steels News and Announcements/notices, Live Electrosteel Steels corporate announcement on Deals, Bonus, Rights, Stock Splits, Dividends, Board Meetings, Quarterly Results on Moneycontrol. That’s the bad news. Reproduction of news articles, photos, videos or any other content in whole or in part in any form The delisting proposal was taken on record and approved, in the meeting of the board of directors held today, the company said in a BSE filing. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. Electrosteel Steels net loss narrows to Rs 86 cr in Jul-Sep. PTI Feeds | October 30, 2018 9:15 PM IST. Read more on Electrosteel Steels debt. PTI; September 25, 2018, 14:10 IST Electrosteel Steels spells out steps for completion of acquisition by Vedanta, delisting from bourses In March, Vedanta was declared as successful resolution applicant by the committee of creditors (CoC) for Electrosteel Steels Ltd under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016. The board of Electrosteel Steels Monday approved the proposal to delist the company, according to a regulatory filing.. Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd. Electrosteel Castings Limited (ECL) is a pioneer in the production of Ductile Iron Pipes in India, with a strong presence in over 70 countries across the globe. Copyright © e-Eighteen.com Ltd All rights resderved. ELECTROSL, BSE:533264- Keep track of all breaking news on Electrosteel Steels Ltd. from all sources at a single place. CNBC-TV18 learns from sources that Edelweiss Group has made an offer to bail out Electrosteel Steels. National Company Law Tribunal (NCLT) had approved Vedanta’s resolution plan for Electrosteel Steels in April. KOLKATA: Anil Agarwal, chairman of resources major Vedanta group which acquired Electrosteel Steels under the Insolvency and Bankruptcy Code earlier this year, is keen to make it the vehicle for his expansion into the steel sector. The delisting proposal was taken on record and approved, in the meeting of the board of directors held today, the company said in a BSE filing. Let's reshape it today, Hunt for the brightest engineers in India. 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