Support and Resistance Levels
Past performance
About Electrotherm (India) Ltd Electrotherm (India) Limited (EIL), established in 1986 in Ahmedabad, is a prominent engineering company in the steel and electric vehicle sectors. EIL is renowned for manufacturing induction melting furnaces, TMT Bars, and Ductile Iron Pipes, and is a pioneer in battery-operated electric vehicles. The company has a global footprint, providing engineering equipment and executing EPC projects in over 71 countries. EIL's operations extend to wind power generation and the production of transformers and transmission line towers.
The company has achieved significant milestones, such as commissioning India's largest Medium Frequency Induction Melting Furnace and receiving the 'Dhatu Nayak' award. EIL has expanded its operations with a modern steel plant in Kutch, Gujarat, and ventured into electric vehicles, producing 150,000 electric scooters annually. Its strategic acquisitions, including Shree Ram Electrocast and Hans Ispat, have bolstered its manufacturing capabilities. EIL continues to innovate, introducing high-quality forging grade billets and Fe-550D TMT rebar products, and expanding its facilities with new technologies like galvanizing lines.