Electrosteel Castings Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Electrosteel Castings has announced a board meeting to approve acquiring 100% stake in Italy’s T.I.S Services S.p.A for up to Euro 15 million (~₹135 Cr), boosting its global footprint in DI pipes, valves, and water infrastructure equipment. TIS reports annual turnover around Euro 30-35 million. The board also accepted Chairman Dr. Ajay Kumar’s resignation following his new public office role. The company disclosed a provisional compensation order of Rs. 498.72 Cr linked to the Parbatpur Central Coal Mine.