MoneyWorks4Me

Elecon Engineering secures letter of intent from IIFCO Paradeep Unit

08 Jun 2012 Evaluate

Elecon Engineering Company has been awarded letter of intent from Indian Farmers Fertiliser Co-operative (IFFCO) Paradeep Unit, Jagatsinghpur district, Paradeep, Odisha for supply, erection and commissioning of Rail Mounted full Portal Type Scraper Reclaimer with main and Auxilary Boom for Bagging Plant Product Silo (Supply of Mechanical, Electrical & Instrumention items) aggregating of total Rs 16.30 crore.

Recently, the company had also secured letter of intent worth Rs 7 crore from Manikgarh Cement Unit- II, a division of Century Textile & Industries. The order was for design, engineering, manufacturing and supply of various pipe conveyors.

Elecon Engineering Company (EECL) is a market leader in the domestic gears segment with around 25% market share in the domestic transmission equipment segment.

Peers
Company Name CMP
Bharat Heavy Elect. 409.90
Thermax 3367.60
Kirloskar Industries 3549.05
Skipper 536.75
INDO-MIM 1256.90
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