Outcome of board meeting of Electrosteel Castings
Held on 03 August 2017
Electrosteel Castings announced that the Board of Directors at its meeting held on 03 August 2017 has given its approval for setting up of 1 No. 9 MVA Submerged Arc Furnace along with 4.5 MW power plant at Haldia, Purba Medinipur, West Bengal. The requisite details in this regard are given below: a.Industry or area to which the new line of business belongs to - Ferro Alloy Industry.
b.Expected benefits - Use of captive power generated from waste heat from existing manufacturing facility for production of Ferro alloys. Surplus production from Ferro Alloy Plant after captive use is proposed to be sold in open market.
c.Estimated amount to be invested - Rs.61.64 crore.
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