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Eastern Investments Unlisted Share Price Today
ISIN INE684E01015.
Eastern Investments Limited (EIL) is one of the oldest public sector investment companies in India, incorporated in 1927. The company originally formed part of the Bird Group of companies, which was later nationalized by the Government of India under the Bird & Company Ltd. (Acquisition and Transfer of Undertakings) Act, 1980. Over time, EIL evolved into a government-controlled entity and was later brought under the administrative control of the Ministry of Steel.In 2011, Rashtriya Ispat Niga…
Eastern Investments
Eastern Investments (EIL) is one of the oldest public sector investment companies in India, incorporated in 1927. The company originally formed part of the Bird Group of companies, which was later nationalized by the Government of India under the Bird & Company Ltd. (Acquisition and Transfer of Undertakings) Act, 1980. Over time, EIL evolved into a government-controlled entity and was later brought under the administrative control of the Ministry of Steel.In 2011, Rashtriya Ispat Nigam Limited (RINL)—the holding company of Visakhapatnam Steel Plant—acquired a 51% stake in Eastern Investments, making EIL its subsidiary.
Eastern Investments essentially functions as an investment holding company. The company does not directly conduct mining operations but primarily derives its income from dividends received from its subsidiaries and interest income on investments and deposits. Its financial performance therefore depends largely on the operational performance and profitability of The Orissa Minerals Development Company Limited (OMDC) and The Bisra Stone Lime Company Limited (BSLC).
