Elgi Equipments has signed Memorandum of Understanding (MoU) with the Government of Tamil Nadu on July 20, 2020. The investment that company plan to do under this MOU, which is non-binding, is to support the future expansion that company need to make to serve the growing global demand and meet long-term plans. The intended plan will involve an estimated investment of up to 250 crore and could also create significant job opportunities in Coimbatore.
With this MOU, the company expects Government of Tamil Nadu to support the company on various infrastructure needs such as land and power and related clearances.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
