ELECON ENGINEERING CO.LTD. SHARE PRICE [LIVE]

BSE: INE205B01023   NSE: ELECON   SECTOR: Engg - Industrial Equipments

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356.70
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358.55
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Name Mar 21 Dec 20

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Frequently Asked Questions

What is the Share price of ELECON ENGINEERING CO.LTD. (ELECON)?

ELECON ENGINEERING CO.LTD. (ELECON) share price as of August 17, 2022, on NSE is Rs 356.70 (NSE) and Rs 358.55 (BSE) on BSE.

Can I buy ELECON ENGINEERING CO.LTD. (ELECON) shares?

Yes, You can buy ELECON ENGINEERING CO.LTD. (ELECON) shares by opening a Demat account with Angel One.

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ELECON ENGINEERING CO.LTD. (ELECON) share can be brought through the following modes:
  1. Direct investment: You can buy ELECON ENGINEERING CO.LTD. (ELECON) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to ELECON ENGINEERING CO.LTD. (ELECON) shares.

In which sector do ELECON ENGINEERING CO.LTD. (ELECON) belong?

ELECON ENGINEERING CO.LTD. (ELECON) belongs to Engg - Industrial Equipments.

About ELECON

Today's live share price for ELECON ENGINEERING CO.LTD. is NSE: ₹ 356.70, BSE: ₹ 358.55 with a current market capitalization of .

Elecon Engineering Company Ltd is a leading manufacture of mission critical Material Handling Equipment and Power Transmission Solution. The company designs, manufactures and markets their sophisticated range of products through their network spread across India and through foreign equity participating companies in Singapore, Australia, South Africa, China and Dubai in the Middle East. The company's product range includes designing, engineering, manufacturing, supply, erection and commission of wagon tipplers, bucket wheel stacker or reclaimers, barrel-type blender reclaimers, fertilizer reclaiming scrapers, limestone pre-homegenizing and blending plants etc. The company is the first company in India to have manufactured sophisticated equipment for Bulk Material Handling. Elecon Engineering Company Ltd was established in the year 1951. The company is the pioneer, in the manufacture of material handling equipment in India. The company developed and perfected their skills in design, manufacture, erection and commissioning of coal handling plants. Over the years, they expanded their skills and expertise for designing and execution of turnkey contracts. In the year 1984, the company received government approval for their diversification into the manufacture of 1000 hydraulic fluid couplings per annum and in June 1987, Elecon (Madras) Ltd, a wholly owned subsidiary company merged with the company. During the year 1997-98, the company in technical collaboration with a Japanese company floated a new company to manufacture geared motors and gear reducers. Also, they formed a joint venture with German company. The commercial production was started in March 1999. During the year 1998-99, the company launched POSIRED 2 Helical/Bevel Gears in technical collaboration with P I V Antrieb Werner Reimers GmbH & Co KG, Germany. Also, they launched Super NU Universal Mounting Worm Gears during the year. During the year 2000-01, the company set up a wholly owned subsidiary company at Singapore namely Elecon Singapore Pte Ltd with a view to develop the export market for the company's products in the South East Asian countries and during the year 2001-02, they set up another wholly owned subsidiary at Australia namely Elecon Australia Pte Ltd with a view to develop the export market for the company products in Australia. During the year 2002-03, the company entered into an agreement for transfer of 50% of the equity share in their subsidiaries at Singapore and Australia to Emitici Engineering Ltd. In view of this, Elecon Singapore Pte Ltd and Elecon Australia Pty Ltd are no more subsidiaries of the company. The company in technical collaboration with RENK, Germany delivered their first shipset against the order of three shipsets from Mazgaon Dock Ltd for the Indian Navy's Stealth Frigate. During the year 2003-04, the company bagged an order from Maharashtra State Electricity Board for their Parli project worth Rs 58 crores. Also, they received orders for manufacture of certain gear components from one of the largest Gear manufacturers in the world. During the year 2005-06, the company entered into Technical Collaboration Agreement with Turbowinds N V of Belgium for import of technology to manufacture Wind Electric Generators. Also, they invested in 3 equity shares of AED 1,00,000 aggregating to AED 3,00,000 in Elecon Middle East FZCO, at Dubai Airport Free Trade Zone. During the year 2006-07, the company signed a technical collaboration with Haisung Industrial System Company Ltd of Korea to design and manufacture high speed and capacity lift gearboxes. Also, they signed a technical collaboration agreement with RENK AG of Germany for availing technology for design and manufacture of Vertical Roller Mill Gear Boxes. During the year 2007-08, the company set up Wind Turbine Generator farms and manufacturing of Wind Turbine Generator Gear Boxes with a strategy of diversification. They developed a Wind Farm in Gujarat where 6 Wind Turbine Generators having the capacity of 600 KW was commissioned. Also, they supplied 4 Wind Turbine Generators equipments having the capacity of 600 KW each in Maharashtra.

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