Elecon Engineering Company, during the month of March, 2012, has received some major orders worth Rs 22.60 crore from various clients for supply of material handling equipments and spares for their various projects.
Earlier in March, the company had been awarded letter of intent of Rs 17.60 crore from Siddhi Vinayak Cement, Village-Nimbol, Tehsil-Jaitaram, district Pali in Rajasthan for supply of 3 numbers of stackers and 5 numbers of reclaimers.
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.
