Electrosteel Castings Secures Partial Final Compensation Order From The Ministry of Coal

Kolkata, November 21: Electrosteel Castings Limited has announced that it has received a Final Compensation Order (Partial) from the Ministry of Coal. This marks a step forward for the company related to its ongoing compensation process related to the Parbatpur Coal Mine.

Electrosteel Castings Limited (NSE: ELECTCAST, BSE: 500128) is a major Indian industrial company and a global leader in providing solutions for water transmission and distribution systems. It is one of the largest manufacturers of Ductile Iron (DI) Pipes and Fittings in the Indian subcontinent. The company was established in 1955, and is headquartered in Kolkata, West Bengal.

Key Order Update

Electrosteel Castings announced that it received a Final Compensation Order dated 19 November 2025 from the Nominated Authority, Ministry of Coal. This follows the provisional order issued earlier on 15 May 2025. However, the Ministry of Coal has only finalised two components for its May provisional order as announced today. They are GR (Geological Report) cost, and hard cost components of shafts and inclines. With this, two major components of the provisional order still remain pending. They are land cost, and soft cost components of shafts and inclines.

The finalised compensation for the GR cost and hard-cost components comes to ₹253.04 crore. However, the total amount claimed for these components is slightly higher at ₹287.60 crore. Out of this, ₹34.56 crore has been kept aside for preparing an updated GR for mutual settlement between JSW and ECL. The remaining unresolved parts of the compensation will be decided later through future orders.

Shares Fall by 1.91% At ₹75.40

As of 3:20 PM, Electrosteel Castings share price was down by 1.91%, or 1.47 points and was trading at ₹75.40. Until now, the shares have traded within a range of ₹78.10 and ₹75.01. The traded volume for the Electrosteel Castings stock stood at 21.43 lakh shares, with the company’s market cap at ₹4,752 crore. The shares have their 52-week high at ₹170.70 and their 52-week low at ₹75.01.

Investor Takeaway for Electrosteel Castings

Electrosteel Castings has won partial Final Compensation Order by the Ministry of Coal. This is a step forward and a key milestone for the company related to its May order. The order, although partial, will contribute to the company’s revenue and potential profits. However, investors were hoping for the entire order to be awarded to the company. The partial order has negatively affected the share price of the company.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3c9620d6-c734-4ffd-982a-a364124fd26f.pdf

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