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Eimco Elecon (India) Ltd.

BSE: 523708 | NSE: EIMCOELECO |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE158B01016 | SECTOR: Engineering - Heavy

BSE Live

Aug 04, 16:00
305.00 0.75 (0.25%)
Volume
AVERAGE VOLUME
5-Day
118
10-Day
265
30-Day
325
50
  • Prev. Close

    304.25

  • Open Price

    305.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Aug 04, 15:43
305.00 1.05 (0.35%)
Volume
AVERAGE VOLUME
5-Day
1,570
10-Day
3,501
30-Day
2,726
1,092
  • Prev. Close

    303.95

  • Open Price

    300.05

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Eimco Elecon (India)
 The company was incorporated as a Public Limited Company on the 31st
 July, 1974 under the Companies Act, 1956 and obtained the certificate
 of  commencement of business on the 4th March, 1975.
 
 PRESENT BUSINESS:
 
 The company is presently engaged in manufacturing and supplying a
 wide range of underground mining machinery mainly Air Powered Rocker
 Shovel Loaders, Electro Hydraulic Side Dump Loaders, Diesel, Electric
 and Pneumatic Load-Haul Dump Machines, Auger-cum-Drills, Air Motors
 and spares thereof for Metalliferrous, Coal, Construction and
 Tunnelling Industries.  The company also provides comprehensive
 product support by way of pre-sale application engineering advice,
 commissioning, after sale services, training of personnel, supply of
 spares and reconditioning/overhauling of used equipments.
 
 PROMOTERS AND THEIR BACKGROUND:
 
 Eimco Elecon (India) Ltd. (EEIL) was promoted by Envirotech
 Corporation, USA, Elecon Engineering Co. Ltd. and its Chairman &
 Managing Director Mr. Bhanubhai I. Patel.
 
 The company made a maiden public issue of 1,346,500 equity shares of
 Rs.10 each at a premium of Rs.55 per share aggregating Rs.8.78 crores
 for financing its working capital requirements.
 
 The company is the market leader in the mining machinery field and is
 presently engaged in the manufacture of high technology drills and
 loaders used in underground mining.
 
 2003-Resignation of Shri C. T. Dave, the Executive Director of the
 Company.
 
 2004
 
 -Eimco Elecon enters into Collaboration Agreement with VOEST-ALPINE
 Bergtechnik Ges.m.b.h, Austria
 
 2009
 
 - Eimco Elecon India Ltd has informed BSE that the company has
 appointed two new Independent Directors on the Board whose names are
 given below:
 1. Mr. Shreevardhan Sinha
 2. Mr. Jal R Patel
 
 - Eimco Elecon India Ltd has informed that the company has appointed
 Mr. Vihang A Virkar as an Independent Director on the Board on July
 30, 2009, effective after the Annual General Meeting proceedings are
 over.
 
 2010
 
 -Eimco Elecon has recommended a dividend of 40%
 
 2011
 
 -Mr. M. G. Rao has been apopointed as Wholetime Director of the
 company.
 
 -Mr. Nirmal Bhogilal has been apopointed as Additional Director
 (Independent) of the company.
 
 2012
 
 -Shri Nalin M. Shah has been apopointed as Additional Director
 (Independent) of the company.
 
 -Eimco Elecon has recommended a dividend of 40%
 
 2013
 
 -Eimco Elecon has recommended Dividend on Equity Shares @ Rs. 4/- per
 Share i.e. 40%.
 
 2014
 
 -Company has recommended a dividend of 40% i.e. Rs. 4/- per equity
 share of Rs. 10/- each.