ESL Steel Limited Delisted Share- Company Overview

ESL Steel Limited Formerly known as Electrosteel Steels Limited is a fully integrated iron and steel manufacturing unit.

It is a public limited company in India having its registered office at, Siyaljori, P.O. Jogidih, O.P. Bangaria, P.S. Chandankyari, Bokaro, Jharkhand and 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. 

ESL Steel share are available on unlisted market . Electrosteel share price used to change regularly. ESL Steel share price keeps fluctuating on daily basis.

It also produces Metallurgical Coke, Sinter and Power for captive consumption. The Company caters to the needs of construction, automobile, industrial machinery and equipments and water Infrastructure development. The company planning its expansion and has plans to double its existing capacity.

The Holding Company of ESL Steel Ltd is Vedanta Limited (VEDL).

ESL Steel Price Delisted Share Details as of March 31, 2024

Incorporation Details of ESL Steel Limited

ESL Steel Limited Board of Directors

Mr. Mahendra Singh Mehta, Non-Executive Independent Director

Mr. Prasun Kumar Mukherjee, Non-Executive Independent Director

Mr. Navnath Laxman Vhatte, Chief Executive Officer & Whole Time Director

Ms. Poovannan Sumathi, Non-Executive Director

ESL Steel Particulars of Subsidiary, Associate and Holding Companies

ESL Steel Limited Shareholding Pattern (As on 31-03-2024)

ESL Steel Industry Outlook 

In the past 10–12 years, India's steel sector has expanded significantly. Production has increased by 75% since 2008, while domestic steel demand has increased by almost 80%. 

In FY22, the production of crude steel and finished steel stood at 133.596 MT and 120.01 MT, respectively. The consumption of finished steel stood at 105.751 MT in FY22. In April 2022, India's finished steel consumption stood at 9.072 MT. In April-July 2022, the production of crude steel and finished steel stood at 40.95 MT and 38.55 MT respectively.

In FY22, exports and imports of finished steel stood at 13.49 MT and 4.67 MT, respectively. In FY22, India's export rose by 25.1% YoY, compared with 2021. In FY21, India exported 9.49 MT of finished steel. In July 2022 exports of finished steel stood at 3.80 lakh MT.

The annual production of steel is anticipated to exceed 300 million tonnes by 2030–2031. By 2030–31, crude steel production is projected to reach 255 million tonnes at 85% capacity utilisation achieving 230 million tonnes of finished steel production, assuming a 10% yield loss or a 90% conversion ratio for the conversion of raw steel to finished steel. With net exports of 24 million tonnes, consumption is expected to reach 206 million tonnes by the years 2030–1931. As a result, it is anticipated that per-person steel consumption will grow to 160 kg.

FAQs on ESL Steel

Q1: Who is the owner of Electrosteel Steels?

A1: Sunil Katial is the owner of Electrosteel steels.

Q2: Is ESL Stock worth investing? 

A2: Yes, It is worth it to invest in ESL Stocks. If you are interested in investing then Contact us 

Q3: Where can I check ESL stock latest market price?

A3: If you want to check ESL stock's latest market price then click here.

Q4: How do I buy ESL shares in India?

A4: If you want to purchase ESL shares in India then contact us.