Eimco Elecon (India) Ltd
Eimco Elecon (India) Ltd (EIMCOELECO)

Eimco Elecon (India) Ltd (EIMCOELECO)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return9.34 %
3 Month Return4.99 %
1 Year Return-4.62 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 165
Rank 114
Rank 16
Dividend Yield
Rank 60
Rank 310
Price To Book Ratio
Rank 33
Debt To Asset
Rank 290

Company Information

Eimco Elecon established in 1974 was promoted as a joint venture between Elecon Engineering Company and Envirotech Corporation US a subsidiary of Baker Hughes to manufacture hitech drills and loaders used in underground mining. Envirotech was active in the mining business through its division Eimco Mining Equipment Group till 1989 then from Baker Huges the Eimco division was taken over by the Finnish Industrial Organisation OY Tampella whose mining equipment division Tamrock is the market leader with over 40 share internationally OY Tampella through its subsidiary Tamrock Great Britain Holdings held around 39 of Eimco Elecons Rs 2.47cr equity till the Dec 92 issue later its holding decreased to 25.1. Eimco Elecons product range includes mining equipment like airpowered rocket shovels electrohydraulic side dump loaders etc. The air motors manufactured by the company are partly used for captive consumption. Later EEL has diversified into granite quarry line products. In 199596 the company installed two wind mills with a total generating capacity of 0.60 MW at Upleta/Pransla Rajkot district Gujarat.The Company has obtained the prestigious ISO 9001 Quality Management System Certification from TUV Management Services Gmbh Germany for Design Development Manufacturing Installation and Servicing of Mining and Construction Machines Hydraulic Cylinders and Accessories.In 19992000 the company has signed two collaboration agreements with Sandvik Tamrock Secoma SA France and Driltech Mission LLC USA for manufacture of CTX models of Load Haul Dump machinesfor use in both coal hard rock mines and for manufacture of Rotary Blasthole drilling and DTH drills respectively.
OrganisationEimco Elecon (India) Ltd
IndustryCapital Goods-Non Electrical Equipment