ELECON Business Profile
Elecon Engineering Company (ELEENGCO) was established in the year 1951. The company is located at Gujarat. The company manufactures mechanical handling equipment. Currently, it operates in three areas; namely material handling plants, industrial gears, and windmills.
The company`s product range includes designing, engineering, manufacturing, supply, erection and commission of wagon tipplers, bucket wheel stacker or reclaimers, barrel-type blender reclaimers, fertilizer reclaiming scrapers, limestone pre-homegenizing and blending plants etc.
The company`s key customers are Reliance Energy, NTPC, SAIL, Indian Railways, Gujarat Ambuja and Neyveli Lignite. Majority of the company`s revenues come from mining, cement and power generation sectors.
Eimco Elecon (India), a joint venture with Environtech Corporation, USA is into manufacturing underground manufacturing machinery. Some of the company`s major clients are Coal India, Uranium Corporation of India, Bharat Gold Mines, Hindustan Copper, Hindustan Zinc, Larsen & Toubro etc.
In material handling, the company undertakes turnkey operations of equipment like conveyors, wagon tipplers, stackers and reclaimers, crushers, feeders, scrapers, cable reeling drums, wagon and ship loaders, foundry products and gears and couplings and is also engaged in executing turnkey contracts in coal handling plants. The gear division manufactures helical gears, worm gears, couplings, special gears and geared motors.
Elecon is the first company in India to have manufactured sophisticated equipment for bulk material handling.
The current market capitalization stands at Rs 334.43 crore. Elecon Engineering Company has reported a standalone sales turnover of Rs 120.63 crore and a net profit of Rs 8.83 crore for the quarter ended September 2013. Other income for the quarter was Rs 7.94 crore.
The company management includes Prayasvin B Patel - Chairman & Managing Director, Prashant C Amin - Executive Director, Pradip M Patel - Director, Chirayu R Amin - Director, Hasmukhlal S Parikh - Director, Jal R Patel - Director, Jai S Diwanji - Director.
The Registered office is at Anand -Sojitra Road , Vallab Vidyanagar,Gujarat - 388120.