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Elgi Equipments earmarks Rs 30 crore capex this fiscal

17 May 2013 Evaluate

Coimbatore-based Elgi Equipments, which manufactures air compressors and automotive equipment, has earmarked a capex of Rs 30 crore this fiscal, much of it will be utilized in India, for capacity expansion. However, this expenditure is subjected to improvement in market condition.

The company recently has opened its own warehouse with sales and service support in Indonesia, which will help the company in penetrating into the markets further. The company, in total, has 12 international subsidiaries, which collectively contribute to 50% of the company’s revenue.

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.

Elgi Equipments Share Price

549.00 7.25 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1764.10
KSB 966.60
Shakti Pumps (I) 573.95
Elgi Equipments 549.00
Kirloskar Pneumatic 1264.85
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