Eimco Elecon (India) Limited., established in 1974 was promoted as a Joint Venture between Elecon Engineering Co. and Envirotech Corporation, US, a subsidiary of Baker Hughes, to manufacture hi-tech drills and loaders used in underground mining. The Company is in business of Manufacturing and Marketing Equipment for Underground and Opencast Mines.
The Company was first to introduce the intermediate technology of Side Dump Loaders (SDLs), Load Haul Dumpers (LHDs) and Rocker Shovel Loaders in India to partially mechanize the underground Coal and metalliferrous mines and continue to be market leader since then. 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 I ...ndustrial 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 Elecon's Rs 2.47 Cr. equity till the Dec '92 issue later it's holding decreased to 25.1%.
In 1995-96, the company installed two wind mills with a total generating capacity of 0.60 MW at Upleta/Pransla (Rajkot district), Gujarat.
In 1999-2000, 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 machines(for use in both coal & hard rock mines) and for manufacture of Rotary Blasthole drilling and DTH drills respectively.
In order to maintain pace with demand for enhancement of productivity from mines, the Company introduced Face & Roof Drills, Coal Haulers, different models of LHDs / SDLs, etc. for underground mines. It started manufacturing Construction Equipment into Construction Segment. It has produced more than 3800 Nos. of machines, which are working at various mining and construction sites in India and abroad. It provide sales and sales after service through the network of branch offices and parts depots across the country viz. Asansol, Bilaspur, Dhanbad, Kolkata, Nagpur, Secunderabad, Bangalore, Chennai, Jamshedpur, Mumbai and New Delhi.
In FY 2025, Company has made significant strides in the development of new products, including the manufacturing of Piling Rigs under the Make in India initiative, in technical collaboration with CZM from the USA. These rigs outperform competitors in the market, offering enhanced features such as a high torque-to-weight ratio for exceptional productivity with minimal fuel consumption. Additionally, they include an anti-shock valve for smooth hard rock cutting, providing extra protection to hydraulic components during spin-off, ensuring longer hydraulic component life.
1. Can I buy Eimco Elecon (India) Ltd from PL Capital? ›
Yes, you can invest in Eimco Elecon (India) Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Eimco Elecon (India) Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Eimco Elecon (India) Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Eimco Elecon (India) Ltd pay dividends? ›
Yes, Eimco Elecon (India) Ltd has a consistent history of rewarding its shareholders through dividend payouts. Dividend frequency and amounts vary depending on the company’s financial performance and board approvals. Investors holding Eimco Elecon (India) Ltd shares on the record date announced by the company are eligible to receive dividends directly into their bank accounts linked with their Demat holdings.
3. What is the current share price of Eimco Elecon (India) Ltd ? ›
As of
01-10-2025 the share price for Eimco Elecon (India) Ltd. is 1808.7 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Eimco Elecon (India) Ltd ? ›
The 52-week high and low of Eimco Elecon (India) Ltd share price is ₹ 1301 - ₹ 3395.05 as of
01-10-2025 .
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