Electrosteel Castings is currently trading at Rs. 19.75, up by 0.10 points or 0.51% from its previous closing of Rs. 19.65 on the BSE.
The scrip opened at Rs. 20.00 and has touched a high and low of Rs. 20.50 and Rs. 19.60 respectively. So far 1, 07,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 29.20 on 07-Nov-2012 and a 52 week low of Rs. 16.55 on 31-May-2012.
Last one week high and low of the scrip stood at Rs. 20.20 and Rs. 17.50 respectively. The current market cap of the company is Rs. 617.00 crore.
The promoters holding in the company stood at 48.59% while Institutions and Non-Institutions held 13.89% and 36.67% respectively.
Electrosteel Castings’ joint venture (JV) - NDMCPL has received a stay order from High court of Jharkhand against de-allocation of coal block. The company along with other venturers had entered into a joint venture in the name of North Dhadhu Mining Company (NDMCPL) for allotment of coal block in North Dhadu at Jharkhand. ECL holds 48.98% ownership interest in NDMCPL.
The Ministry of Coal (MoC) had allocated Coal mine at North Dhadu to NDMCPL. However, due to procedural bottlenecks the production of Coal at North Dhadu mine could not be commenced as per schedule. The MoC, vide its letter dated November 22, 2012, decided to de-allocate the coal block allotted to NDMCPL and it was also recommended by Inter Ministerial Group that the bank guarantee provided by the venturers be forfeited.
Against this decision of MoC, a writ petition was filed by NDMCPL with the High Court (HC) of Jharkhand. The Jharkhand HC vide its order dated December 05, 2012, has stayed the proceedings against NDMCPL.
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.
| Company Name | CMP |
|---|---|
| Electrost Castings | 144.85 |
| Kirloskar Ferrous | 593.85 |
| AIA Engineering | 3416.80 |
| Alicon Castalloy | 1114.15 |
| Nelcast | 110.45 |
| View more.. | |
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