The board of directors of Electrosteel Castings Limited at its meeting held on November 9, 2023, approved the proposal for setting up of a 12 TPD Rubber Gasket Plant at Punganur, Chittor District, Andhra Pradesh. Industry or area to which the new line of business beloncs to: Manufacture of Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF) and Cast Iron (Cl) Pipes. Expected benefits: The product will be used for captive requirement at Khardah Works, Srikalahasthi Works and Elavur Works.

Surplus ouput would be sold in the market. Estimated amount to be invested: INR 437.0 million.