Breaking News

You are here » Indian-Commodity  :  Corporate  :  CRISIL Research assigns fundamental grade of 3/5 to Electrosteel


CRISIL Research assigns fundamental grade of 3/5 to Electrosteel

Credit rating agency, CRISIL Research has assigned fundamental grade of 3/5 to Electrosteel Castings, indicating that its fundamentals are good relative to other listed securities in India. The rating agency has also assigned valuation grade of 5/5 to the company.

The company is setting up a 2.5 mn MTPA steel plant through ESL in Jharkhand. It has already started the commercial production of pig iron and TMT; commercial operation of coke oven and sinter plant has also started.

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.

Related News

View all news

CARE reaffirms ratings of South Indian bank's debt instruments

Credit rating agency, CARE has reaffirmed 'A+' rating to South Indian bank's Lower Tier II Bonds worth Rs 200 crore and 'A+' rating to the bank's Tier II Bonds (Basel III Compliant) worth Rs 500 crore.......

Adani Power in talks to buy ready-to-build power plants from Welspun Group

Adani Power is in talks with Welspun Group for buying two ready-to-build coal-fired power plants for Rs 400 crore.These two plants are situated in Uttar Pradesh and Madhya Pradesh and have all the necessary......

Maruti Suzuki unveils 'Alto K10 - Urbano' limited edition

Maruti Suzuki India (MSIL) has unveiled a limited edition version of the Alto K10 christened as 'Urbano'. The Alto K10 Urbano offers 18 new features and is available on the LX, LXi, VXi and VXi (O) trim......

Top News

View all news

L&T, Bharti Airtel and Kotak Bank to see some action today

Indian engineering major, Larsen & Toubro (L&T), in partnership with Korea's Samsung Techwin (STW), has bagged Rs 4,875-crore ($750 million) order for supplying the Indian Army with 100......

NTPC, Coal India, Biocon and NBCC to see some action today

State-run NTPC will consider selling electricity to Bangladesh from its upcoming 750 MW plant at Kokrajhar in Assam once the neighbouring country finalizes plans to buy power from Palatana project in Tripura.......

Hexaware, HCL Technologies and Kalpataru Power to see some action today

Hexaware Technologies, a leading global provider of IT, BPO and consulting services has entered into partnership with MuleSoft, the company that makes it easy to connect applications, data and devices,......