Electrosteel Castings Limited

Name: Electrosteel Castings Limited

Sector: Iron & Steel

Sector Other:: NA

Category: Other

Main Customer: Whole Seller

R&D Backup: In-house

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Ownership: Local

Owner Name: Mr. Pradip Kumar Khaitan

Type: Public

Type Other: NA

No. of employee: NA

Area of Work: The Revenue from Operations on consolidated basis, for the year ended 31 March 2018 marginally increased by 3.23% from Rs.2,117.64 Crore in 2016-17 to Rs.2,185.95 Crore in 2017-18. The consolidated PAT for the year ended 31 March 2018 was Rs.124.19 Crore as against PAT of Rs.144.07 Crore for the previous Financial Year. During the year under review, the production of Ductile Iron (DI) Pipes was 2,92,714 MT as against 2,80,287 MT in the previous year. The production of Cast Iron (CI) Pipes at Elavur was 18,616 MT as against 34,473 MT in the previous year. DI Fittings & Accessories produced 9,498 MT of DI Fittings in 2017-18 as against 8,510 MT in 2016-17. Production, productivity, product variety & quality and despatch etc. have been improved at Haldia Fittings Plant. Export despatch of Fittings from Haldia Plant has enhanced. Further improvement is expected in the current Financial Year.

Mission.: Transparency and shareholder value The company recognizes its primary obligation to generate a superior return for its shareowners through a prudent strategy, reasonable payouts of dividend and a fair degree of corporate transparency that does not threaten its competitive position in the marketplace. Community development We do not live for bread alone. The company is committed to contributing meaningfully to the community and society in which it lives. Respect for people People represent our intellectual capital. Respect for the individual is of paramount importance. We treat our people like members, not employees. We provide an exciting working environment. We recognize that learning is an important part of the growing process. Leadership Electrosteels focus is to emerge as a great company - with leaders not only at the top, but at every level. Environment Electrosteels world does not end with the perimeter of its office and factory. It extends beyond: to conducting its various manufacturing processes with adequate respect for a safe and pollution-free environment. Teamwork The company ductile pipe was the first of its kind in India. The commissioning and success continues to be the result not of individual brilliance but of a collective initiative. Customer focus We are a highly customer-focused company. This reflects in the product that we make and in the value that we deliver to them.

Vision: We aim to be world-class, committed to customer satisfaction and to encourage the spirit of leadership amongst our dedicated team by creating a healthy environment for continuous growth, profit and prosperity.

Mandate: NA

Summary of Activities: The Company Revenue from Operations was reported at Rs.1,943.66 Crore during the year under review as compared to Rs.1,832.08 Crore reported in the previous year. The Export sales increased by around 18% from Rs.506.86 Crore in 2016-17 to Rs.610.22 Crore in 2017-18, due to increase in volume of sales. The Company’s profit after tax (PAT) for the FY 2017-18 was reported at Rs.46.99 Crore as against Rs.77.28 Crore for FY 2016-17, mainly due to increase in prices of raw materials. Further an amount of Rs.33.63 Crore was received on sale of fixed asset and same was included under the head other income in FY 2016-17.

Exporter: Yes

Products Exporting: NA

Safety Measures: Yes

Security Certificate: NA

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