Electrosteel Castings has raised around Rs 200 crore through non-convertible debentures on a private placement basis.

Electrosteel Castings has said in a BSE filing that “The banking and authorisation committee vide resolution passed by circulation today i.e. on 7 March 2017 has allotted….unlisted secured redeemable non-convertible debentures….aggregating to Rs two hundred crore on private placement basis.”

Electrosteel does provide techno-economic solutions for water supply and sewerage systems. It is also involved in the execution of turnkey projects as an engineering, procurement and construction (EPC) contractor for infrastructure projects that includes sourcing, treatment and distribution in its portfolio of services.

Read EquityPandit’s Technical Analysis of Indian Stock Maket