Elecon Engineering bags order worth Rs 25.50 crore

Elecon Engineering Company has bagged order worth Rs 25.50 crore from Tecpro System for engineering, manufacturing, supply, erection and commissioning of various equipments in CHP for 2x300MW Haldia TPP Project.

Recently, the company had been awarded letter of intent aggregating of total Rs 272.33 crore from National Thermal Power Corporation (NTPC), NTPC Bhawan, Scope Complex, 7, Institutional Area, Lodi Road, New Delhi.

The company posted a rise of 1.40% in its net profit at Rs 23.89 crore for the quarter ended March 31, 2012 as compared to Rs 23.56 crore for the same quarter in the previous year. Total income increased by 26.23% at Rs 441.97 crore for quarter under review as compared Rs 350.12 crore for the quarter ended March 31, 2011. Elecon Engineering Company (EECL) is a market leader in the domestic gears segment with around 25% market share in the domestic transmission equipment segment.