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Elecon Engineering soars on baging order worth Rs 17.60 crore

Elecon Engineering Company Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 505700 | NSE: ELECON

21 Mar 2012 Evaluate

Elecon Engineering Company is currently trading at Rs. 58.00, up by 1.15 points or 2.02% from its previous closing of Rs. 56.85 on the BSE.

The scrip opened at Rs. 58.50 and has touched a high and low of Rs. 59.00 and Rs. 57.50 respectively. So far 219163 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 86.00 on 27-Jul-2011 and a 52 week low of Rs. 50.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 66.35 and Rs. 56.50 respectively. The current market cap of the company is Rs. 540.92 crore.

The promoters holding in the company stood at 45.99% while Institutions and Non-Institutions held 15.15% and 38.86% respectively.

Elecon Engineering Company has been awarded letter of intent of Rs 17.60 crore from Siddhi Vinayak Cement, Village-Nimbol, Tehsil-Jaitaram, district Pali in Rajasthan State for supply of 3 numbers of stackers and 5 numbers of reclaimers.

Recently, the company had been awarded prestigious order worth Rs 12.95 crore from The Indure, New Delhi for supply, transportation, erection and commissioning of reversible stacker cum reclaimer with tools and tackles, mandatory spares and commissioning spares for 2x525 MW Monnet Thermal Power Project located at Angul in Orissa.

Elecon Engineering Company is a market leader in the domestic -gears segment with around 25% market share in the domestic transmission equipment segment. Being part of the Elecon group that largely focuses on the engineering sector adds to the operational strength to EECL in terms of sourcing some of the inputs like castings from the group company and outsourcing some portion of job-work to the group company.

Elecon Engg. Share Price

412.80 6.05 (1.49%)

17-Apr-2026 16:59 View Price Chart

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Elecon Engineering soars on baging order worth Rs 17.60 crore

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