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WHO WE ARE? |
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Electrosteel 's turnover increased 10.29 percent from Rs 656.86 Cr in 2002 -2003 to Rs 724.45 Cr in 2003-04 but profit after tax declined from Rs 97.46 Cr to Rs 73.68 Cr during the period mainly due to expiry of exemption U/s 80IA of income Tax Act , reduction of benefits U/s 80 HHC of the Act and the element of large long term capital gains in thye composition of profits in the preceding year . The company rationalised its interest outflow from Rs 14.31 Cr to Rs 5.03 Cr in 2003-04 and increased provision for income tax from Rs 20.67 Cr to Rs 34.83 Cr in 2003-04. |
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Electrosteel’s
ductile iron pipe plant,
commissioned in early 1994,
has been awarded the ISO
9002 Certification and is
authorized to put the British
Standard Kitemark and the
ISI Certification Mark on
D.I. Pipes. The company has
received quality approvals
from diverse agencies and
fulfilled export order requirements
of a varied clientele in
the markets of Europe, the
Gulf, Southeast Asia and
Africa. Electrosteel has
also supplied ductile iron
and cast iron spun pipes
in various World Bank financed
projects in India and abroad. Electrosteel has
been accorded the status
of a Three
star export house in
accordance with the provisions
of the exim policy. Electrosteel’s
Head Office is at Kolkata
with branch offices at Ahmedabad,
Bangalore, Chandigarh, Chennai,
Delhi, Hyderabad, Jaipur,
Mumbai and Singapore. It’s
ductile iron pipe plant is
at Khardah near Kolkata in
Eastern India. Electrosteel
has two cast iron spun pipe
plants, one at Khardah and
the second one at Elavur
near Chennai in South India.
We are not just a company making profits from pipes. We are a company carrying water to people. And we will continue to be relevant as long as…someone is dying somewhere because there was not enough…water to drink especially in tropical and developing countries.
In India, every year 111 people out of every thousand people die due to water scarcity.
(UN Report 1996) |
And we will continue to be relevant as long as …the doctors say never drink water directly out of the tap. Especially in countries with poor investments in public sanitation and hygiene. That’s because even though water is adequately treated in complex filtration systems, it picks up pollutants along the way. By the time it reaches the point at which it must be consumed, it is dangerously contaminated
And we will continue to be relevant as long as there is a distance between where water is collected and where it is consumed. |
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At 500 litres per capita, the largest consumer of water in the world is a city, which does not receive more than 32-42mm of rain a year, Abu Dhabi. The capital of the United Arab Emirates is an inspiring testimony of how man can change the ecology of his environment through foresight. |
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WHAT DOES QUALITY MEAN TO US? |
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Because Quality is not just a slogan for us...At Electrosteel ,the passionate incorporation of Total Productive Maintenance into most of company’s everyday functions on the shop floor has translated into big improvement.
The company’s grip on technology has only strengthened over the years. Quality has consistently improved, rejections have declined and installed capacity has increased three-fold in eight years. As a result, Electrosteel , now is one among the four major Ductile Iron pipe manufacturers outside the US. |
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WHY WE ARE OPTIMISTIC ABOUT GROWTH AT ELECTROSTEEL? |
Because there is huge market
Water worth 36,000 Cr is wasted in leaks while in transmission. Electrosteel’s ductile iron pipes possess all the superior metallurgical properties to ensure that not a drop is wasted until it reaches the consumers.
1 crore (cr.) = Rs.100,00,000
*Assumption: Rs.45 = $1
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