Electrosteel Castings Expands Global Footprint with Italian Valve Manufacturer Acquisition Aug 06, 2025
Electrosteel Castings Limited (ECL) has acquired T.I.S. Service S.P.A (TIS), an Italian valve manufacturer, for €11.5 million. The acquisition, completed on July 29, 2025, gives ECL 100% ownership of TIS, enhancing its product portfolio and global presence in the water infrastructure sector. TIS brings innovative technology, including the FR line product that converts pressure dispersion into electricity. ECL's Q1 FY26 financial results show a decline in revenue and profits, attributed to a temporary slowdown in Jal Jeevan Mission funding.
Electrosteel Castings Reports Significant Decline in Q1 FY26 Profitability Amid Market Challenges Aug 06, 2025
Electrosteel Castings Completes €11.50 Million Acquisition of Italian Firm T.I.S Services Jul 30, 2025
Electrosteel Castings to Receive ₹499 Crore Provisional Compensation from Coal Ministry May 19, 2025
Electrosteel Castings to Receive ₹499.00 Crore Provisional Compensation from Coal Ministry May 16, 2025
Electrosteel Castings announced its Q4 FY22-23 results, showing a year-over-year decline but sequential improvement. The company reported a consolidated net profit of ₹1.70 billion, down 26.09% YoY but up 6.25% QoQ. Revenue decreased 15% YoY to ₹17.00 billion, while EBITDA fell 46.67% YoY to ₹1.60 billion. The EBITDA margin contracted to 9.38% from 15.53% in the previous year. Despite challenges, the company declared a dividend of ₹1.40 per share.
20Feb 25
Electrosteel Castings Settles SEBI Insider Trading Case for ₹18.64 Crore
Electrosteel Castings Ltd has reached a settlement with SEBI in an insider trading case related to its amalgamation with Srikalahasthi Pipes. The company and 15 applicants, including officials and related entities, will pay a total fine of ₹18.64 crore. Some individuals face debarment for up to 6 months. The case highlights SEBI's commitment to market integrity and the importance of compliance during significant corporate events.