Abc Medium. The equivalent per share exit price post completion of Transaction Steps is INR 9.54 per equity share (Post-capital Reduction Price)," Electrosteel Steels said. [LIVE] Electrosteel Steels share price details along with futures & options quotes. There have been significant gains in operational efficiencies, such as a substantial reduction in the coke rate at blast furnaces 2 & 3 by about 3% and 7% respectively y-o-y; optimisation of the coal mix and iron ore blending; and improved yields of the finishing mill to 96.7% (from 95.9% in FY2018). The nearest town Bokaro, on the western side, is 22 kms away from the site. Along with the latest technology, the plant operates in synchronization with the highest ecological standards. Electrosteel Steels Ltd Live BSE Share Price today, Esl latest news, 533264 announcements. The business has seen a complete turnaround since its takeover with the combination of right people, higher volumes and better cost The company’s product range includes Pig Iron, Billets, TMT Bars, Wire Rods and Ductile Iron Pipes. Sign in e-paper New. In a late evening notification to stock exchanges, Vedanta said a wholly owned subsidiary of it would acquire Electrosteel Steels’ shares for Rs. Get details on Electrosteel Steels Ltd. news, dividends, financial report, shareholding, company profile, annual report, quarterly results, profit and loss account, results and more. The land comprises mostly of barren land with small undulation. Steel. Join SMS/Email/WhatsApp/ Telegram Updates Group, SBI Home Finance Limited Unlisted Delisted Suspended Shares, LAVA International Limited Unlisted Shares. The scheme has been made effective from Wednesday, March 25, 2020, Vedanta has informed the BSE. There’s good news and bad news for shareholders of Electrosteel Steels Ltd. Shares of Electrosteel Steels rose as much as 5 per cent to Rs 6.75, their highest since November 8, as a media report said that Anil Agarwal-led Vedanta has … Vedanta acquired Electrosteel for Rs 5,000 crore in 2018 and renamed it as ESL Steel Limited. ISIN: INE481K01021 Companies with around 22 million tonnes (MT) of crude steel capacity were referred to NCLT in the first round of the stressed assets resolution. The acquisition of ESL fits into Vedanta’s strategy of forward integration; complementing the existing iron ore set-up as well as mines in PUBLIC ANNOUNCEMENT - FOR THE ATTENTION OF THE CREDITORS OF ELECTROSTEEL STEELS LIMITED. It’s financial performance has increased multifold after takeover by Vedanta. The acquisition of ESL fits into Vedanta’s strategy of forward integration; complementing the existing iron ore set-up as well as mines in Jharkhand, it said. Get detailed report, 52 Week High / Low and company news on Nirmal Bang Synopsis. This positions ESL to become a significant player in the Indian steel sector, it added. No responsibility of this website/writer. Shareholders of Electrosteel Steels, which has been acquired by the London-listed Vedanta group in an insolvency auction, are set to end up with peanuts. That’s the bad news. Vedanta in February 2020 said the National Company Law Tribunal, Kolkata Bench, has approved the scheme of amalgamation of its arm Vedanta Star Ltd. with Electrosteel Steels Ltd. Post the amalgamation becoming effective, Vedanta will directly hold 95.48 percent in ESL. Dec 31 2020, 7:47 AM Dec 31 2020, 7:47 AM December 31 2020, 7:47 AM December 31 2020, 7:47 AM. Lawyers for Electrosteel declined to comment. The business achieved a run-rate of 1.5mtpa in Q4 FY2019. The production ramp up and other operational efficiencies have resulted in a record EBITDA margin for the business, improving from US$53 per tonne in FY2018 to US$122 per tonne in Q4 FY2019. CRISIL has assigned its 'CRISIL AA/Stable/CRISIL A1+' ratings to the bank loan facilities of Electrosteel Steels Limited (ESL). Electrosteel Steels is currently trading at Rs14.45 per share, after trading up circuit for the past three sessions The Company’s shares were listed on the National Stock Exchange of India Limited and BSE Limited till October 29, 2018. Vedanta was declared the highest bidder (H1) at Electrosteel Steels bidding, while Tata Steel was declared highest bidder for Bhushan Steel. Vedanta wins bid to acquire Electrosteel Steels While Vedanta didn’t reveal the cost of acquisition, market sources said the offer is likely to be around Rs 5,000 crore for the bankrupt steel firm which owes lenders close to Rs 11,300 crore. Electrosteel Steels Ltd. (ESL) had exported about 50% of the steel produced in March. The plant will be part of the company’s newly-acquired Electrosteel Steels Ltd (ESL) at Bokaro, Vedanta Resources chairman Anil Agarwal said. The board of Electrosteel Steels Monday approved the proposal to delist the company, according to a regulatory filing. Public Announcement Claim Form B for Operational creditors Claim Form C for Financial creditors Order of Hon'ble NCLT dated 21.07.2017 List of Creditors Abc Small. ESL Steel Ltd is engaged in the manufacture and supply of Billets, TMT Bars, Wire Rods and Ductile Iron(DI) Pipes and also deals in Pig Iron and Iron and Steel Scrap products generated while manufacturing these products. c) post consolidation it will issue shares to Vedanta. The S&P BSE Sensex ended 0.3% higher at 47,746 … The production ramp-up plan would entail ESL’s capacity being doubled to 3 MTPA in the next two years, with an investment of around Rs 4,000-5,000 crore. The Indian stock market continues trading in the green but is off the day's high. control leading to a visible positive change. 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