Support and Resistance Levels
Past performance
About Earthstahl & Alloys Ltd Earthstahl & Alloys Ltd., based in Raipur, Chhattisgarh, specializes in manufacturing Cast Iron Lumps and Ductile Iron Pipe Fittings. Initially incorporated as a private entity in 2009, it transitioned to a public limited company in 2022. Their products are integral to steel foundries, machine components, and public water supply systems. The company's strategic location in a steel hub allows access to waste materials from nearby plants, aiding its environmentally conscious production process by recovering iron from waste.
The company began operations in 2012 with a Submerged Electric Arc Furnace, but faced operational challenges in 2014-15 due to market and cost pressures, leading to a temporary shutdown. Resuming in 2018, it expanded to include Ductile Iron Pipe fittings and added a second furnace in 2022 to boost production. Earthstahl & Alloys Ltd. plans to raise capital by issuing 3.24 million equity shares, indicating a focus on growth and scaling operations.