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Elecon Engineering Company has received favorable decision from Arbitral Tribunal at Chennai on arbitration award aggregating to Rs 37.57 crore. The Tribunal directed BGR Energy Systems to return the bank guarantees as submitted by the Company.

Earlier, the company had initiated arbitration proceedings before Arbitral Tribunal against BGR Energy Systems for recovery of various dues to the Company.

Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment.

Related Elecon Engineering Company Ltd. Links:

Elecon Engg. Share Price

167.50 1.90 (1.15%) Sep 22, 17:03
1 Year Price Chart
Peers
Company Name CMP
BHEL 57.05
Bharat Electronics 205.60
ISGEC Heavy Engg. 751.00
Thermax 1409.05
BEML 1404.60
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Sensex vs Elecon Engg.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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