Electrosteel Castings Ltd Share Price – NSE  / BSE

Castings, Forgings & Fastners, Small Cap

The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 noted that the Company has received Provisional Compensation Order dated 15 May 2025 from the Ministry of Coal, Government of India in respect of compensation of Cost of Geological Report, Cost of Consent, Land and Mine Infrastructure payable to prior allottees of Parbatpur Central Coal Mine in terms of Coal Mines (Special Provisions) Act, 2015. As per the aforementioned Provisional Compensation Order, the Ministry of Coal has estimated an amount of Rs. 498.72 crore as compensation to the Company.

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The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 noted that Dr. Ajay Kumar (DIN: 01975789), Chairman and Independent Director, has resigned from the Board of Directors of the Company, with effect from 15 May, 2025 on account of his taking charge of the constitutional responsibility of the Chairman, Union Public Service Commission in pursuance to the order of the Hon'ble President of India, as mentioned by him.

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The Board of Electrosteel Castings at its meeting held today i.e., on 28 May 2025 have approved the proposal to make investment by way of purchase and acquisition of 30,00,000 shares of Euro 1 each representing 100% shareholding of T.I.S Services S.p.A based in Italy, held by T.I.S Group S.p.A for an aggregate amount of purchase consideration not exceeding Euro 15 million and accordingly has approved execution of a Share Purchase Agreement (SPA) in connection thereto subject to terms set out in the SPA.

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Net profit of Electrosteel Castings declined 25.88% to Rs 168.31 crore in the quarter ended March 2025 as against Rs 227.08 crore during the previous quarter ended March 2024. Sales declined 15.15% to Rs 1700.68 crore in the quarter ended March 2025 as against Rs 2004.26 crore during the previous quarter ended March 2024.

For the full year,net profit declined 4.10% to Rs 709.56 crore in the year ended March 2025 as against Rs 739.89 crore during the previous year ended March 2024. Sales declined 2.11% to Rs 7319.97 crore in the year ended March 2025 as against Rs 7478.01 crore during the previous year ended March 2024.

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