Profit before tax declined 49.42 per cent to Rs 21.10 crore . EBITDA at Rs 66.86 crore, represents an increase of 50.80 per cent over Rs 44.33 crore. Turnover at Rs 403.60 crore saw an increase of 51.94 per cent.
The board has approved enhancement of investment in Electrosteel Integrated, an associated company from Rs 630 crore to Rs 735 crore, which will be required in a phased manner for increase in capacity from 1.3 million tonnes to 2.2 million tonnes for an integrated steel plant in Jharkhand.
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