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Elecon Engineering Company rises on getting LoI worth Rs 82.78 crore

23 Jan 2024 Evaluate

Elecon Engineering Company is currently trading at Rs. 1080.30, up by 4.95 points or 0.46% from its previous closing of Rs. 1075.35 on the BSE.

The scrip opened at Rs. 1085.25 and has touched a high and low of Rs. 1100.45 and Rs. 1079.60 respectively. So far 2751 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1100.00 on 20-Jan-2024 and a 52 week low of Rs. 349.90 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1100.00 and Rs. 959.00 respectively. The current market cap of the company is Rs. 12065.42 crore.

The promoters holding in the company stood at 59.29%, while Institutions and Non-Institutions held 8.60% and 32.11% respectively.

Elecon Engineering Company has received a Letter of Intent (LoI) for awarding a contract of Rs 82.78 crore (excluding GST) from Arcelormittal Nippon Steel India, Gujarat, for Manufacturing and supply of Belt Conveyor Mechanical Equipment and Technological Structure for MH SYSTEM COBP#1&2BF#1at its Hazira Plant, Surat, Gujarat. The order is to be executed within around 10 months.

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


Elecon Engg. Share Price

512.45 8.10 (1.61%)
23-Apr-2026 16:59 View Price Chart
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