Eimco Elecon (India) has received its board’s approval to sell its business relating to the manufacture of Surface Drilling Machines to Sandvik Asia for an amount of Rs 16.5 crore.
The company’s board gave its approval at the meeting held on July 01, 2011. P M Patel, Chairman of the board has been authorized to give effect to the above proposal.
Eimco Elecon (India) was incorporated as a joint venture of ELECON Group of India and Indian Public, it is in the business of manufacturing and marketing equipment for underground and opencast mines.
| Company Name | CMP |
|---|---|
| BHEL | 325.60 |
| Thermax | 4182.30 |
| Kirloskar Oil Eng | 1641.75 |
| Skipper | 436.85 |
| GMM Pfaudler | 911.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: