Electrosteel Castings, one of India’s leading producers of ductile iron pipes, plans to set up a new DI (Ductile Iron) pipe and fittings plant in Odisha. This move is aimed at the company’s large-scale expansion and future diversification.
Electrosteel Castings has already secured an anticipated 500-acre plot for the project. The greenfield plant will have nearly 0.5 million tonnes capacity, equivalent to about 60% of ECL’s existing capacity of 0.85 million tonnes. The company plans to fund the project mostly from internal accruals.
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Moreover, Electrosteel Castings is expanding the capacity of its Srikalahasthi Works in Andhra Pradesh by 150,000 tonnes at an estimated investment of INR 64 Crore. This expansion will be operational within a year, taking ECL’s combined capacity to 1 million tonnes.
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