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Elgi Equipments incorporates wholly owned subsidiary in Indonesia

10 May 2013 Evaluate

Elgi Equipments has incorporated a wholly owned subsidiary by the name Elgi Equipments Indonesia, PT in Indonesia. The board of directors at its meeting held on May 09, 2013, has approved and noted for the same.

Elgi Equipments is today, the market leader and Asia's largest manufacturer of air compressors and automobile service station equipment. ELGI's products are used in a wide range of applications in areas ranging from mining, transport, pharmaceuticals, power, oil, railways, chemicals, textiles, printing to ship building, paper, electronics, telecommunications, medical, food & beverages and plastics.

Peers
Company Name CMP
Kirloskar Brothers 1629.45
Elgi Equipments 556.10
Shakti Pumps (India) 348.80
KSB 629.60
Oswal Pumps 229.30
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