Besides SBI, the other bankers to the company are Bank of India, Bank of Baroda, Allahabad Bank and Central Bank of India. The lenders have exposure for a little over R 7,500 Cr.
Electrosteel Steels (ESL), promoted by the Electrosteel group of Kolkata, was incorporated in December 2006. ESL is setting up a 2.51 Mn tonnes per annum (MTPA) integrated steel & ductile iron pipe project (including Captive Power Plant [CPP] of 120 MW) at Bokaro.
Joining the likes of entrepreneurs to back and fuel startups, Infosys’ cofounders SD Shibulal, and Kris Gopalakrishnan are reuniting again to launch an incubator, Axilor Ventures that would invest up to $1 Mn in each early-stage startup they pick.
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