you are here:

Elecon Engineering Company Ltd.

BSE: 505700 | NSE: ELECON |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE205B01023 | SECTOR: Engineering - Heavy

BSE Live

Sep 21, 16:00
165.60 -2.25 (-1.34%)
Volume
AVERAGE VOLUME
5-Day
163,016
10-Day
169,180
30-Day
204,582
163,166
  • Prev. Close

    167.85

  • Open Price

    168.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Sep 21, 15:53
165.85 -1.60 (-0.96%)
Volume
AVERAGE VOLUME
5-Day
732,604
10-Day
993,500
30-Day
1,464,870
674,097
  • Prev. Close

    167.45

  • Open Price

    168.15

  • Bid Price (Qty.)

    165.85 (1682)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Elecon Engineering Company
YEAR                       EVENTS
 1960 - The Company was incorporated as a Private Limited Company and
        converted into a public limited company on 26th September,
 1961. 
        The company manufactures all kinds of mechanical handling
        equipments such as bucket elevators, belt conveyors, gravity
        rollers, conveyors, bag filling machines, bag stacking
 machines,
        overhead chair conveyors etc.
 
 1965 - Issued 12,000 Right Equity shares at par in the prop. 1:5,
 425
        No. of Equity shares forfeited.  6,824 shares issued for
        consideration other than cash during 1960.
 
 1974 - 24,000 - 9.8% Pref. shares issued to the public.  Pref.
 shares
        redeemable during 30.6.1982/84 at 3 months' notice.
 
 1976 - 36,000 Right Equity shares issued at par in prop. 1:2.
 
 1977 - 54,000 Bonus Equity shares issued in prop. 1:2.
 
 1979 - Chitraj Engineering Co. (P) Ltd. became a wholly owned
        subsidiary of the Company from 9th November.
 
 1981 - Equity shares sub-divided on 15.6.1981.  8,10,000 Bonus
 Equity
        shares of Rs 10 issued in prop. 1:2 on 29.6.1981.
 
 1982 - The name of this subsidiary was changed to Elecon (Chennai)
 Ltd.,
        with effect from 2nd February.  The subsidiary's working was
        affected by paucity of orders and natural calamities during
 1984.
 
      - In January, the Company issued to the public 5,50,000-13.5%
        convertible secured debentures of Rs 100 each.
 
 1983 - During March, consequent upon conversion of 55% of the face
        value of convertible debentures, the Company issued equity
 shares
        of Rs 10 each credited as fully paid-up at a premium of Rs
 17.50
        per share in the prop. 2 No. of equity shares for every
        debenture.  Shares were allotted on 12th March.
 
      - Pref. shares redeemed on 31.12.1983.  10,99,632 No. of equity
        shares allotted on conversion of debentures on 12.3.1983.
 
 1984 - Authorised capital reclassified.
 
 1987 - 21,17,778 Bonus shares issued in prop. 3:5.
 
 1988 - A letter of registration was received for the manufacture of
 new
        articles viz., shearer and continuous miner with an annual
        capacity of 10 units.
 
 1989 - The High Courts of Chennai and Gujarat by their orders dated
        14th February, and 22nd March, 1990 respectively approved the
        scheme of amalgamation of the wholly owned subsidiary Elecon
        (Chennai) Ltd. with the Company effective from 1st January,
 1987.
        Accordingly, Elecon (Chennai), Ltd. was dissolved without
        winding up effective from 1st January, 1987.
 
      - The Company's sales declined to Rs.99.75 crores mainly due to
        irregular inflow of orders because of severe competition
 which
        led to uneven load in the workshops.
 
 1990 - The Company has issued 5,00,000-14% secured redeemable
        non-convertible debentures of Rs 100 each by private placement
 of
        SBI Capital Markets Ltd., and Canara Bank in equal prop. to
 meet
        the longterm working capital needs of the Company.  These
        debentures are redeemable at a premium of 5% in three equal
        annual instalments between 19th September, 1996 to 19th
        September, 1998.
 
      - The Company's profits were low due to non-receipt of export
        benefits worth Rs.113 lakhs from the export order of EGAT
 which
        was already completed and higher tax liability.
 
 1991 - The working results were adversely affected due to increased
        interest rates, large overdue receivables from Electricity
        Boards, execution of contracts with lower margins, etc.
 
      - The Company proposed to diversify into the business relating
 to
        vegetable and fruit processing, food processing and
 processing
        of edible oil seeds, extraction and refining of edible oil,
 grain
        silos, cattle and poultry feeds.
 
 1993 - The Company proposed to dispose of the Chennai division in
 view
        of poor performance of the unit.
 
 1994 - The Company had successfully implemented the Alternate Energy
        System.  It installed 7 wind mills, out of these 5 were sold
 to
        outside parties and 2 were retained by the company for its
 own
        consumption.
 
      - The Company has entered into a technical collaboration
 agreement
        with HMZ Belgium N. V. Balgium for manufacture of windomaster
        wind Energy Generators, which is one of the best available in
        the world with larger energy generation.
 
 1995 - The liquidity and profitability of the company was adversely
        affected on account of large over due receivables.
 
      - 11 Wind Mills were commissioned which already started
 generating
        power.  The Company had decided to abandon diversification
 into
        shrimp feed production, in view of the recessionary conditions
 in
        shrimp farms, all over India.
 
 1996 - Efforts to realise large over due receivables from State
        Electricity Board and Central Government Corporation were
 partly
        successful.  The Company secured an order from Neyveli Lignite
       
        Corporation Ltd. for manufacture, erection and commissioning
        of 2400 MM Drive Heads and conveyors for its Mine-III.
 
      - The diversification programme in the field Alternate
        non-conventional energy source continued.  The company
 installed
        eight additional wind mills during the year raising the total
 to
        twenty two.
 
 1997 - Eleven wind mills erected in Gujarat for captive consumption
        were lost due to severe cyclone.  The installed seven
 additional
        Wind Mills during the year.
 
      - The Company's sales and other services declined to Rs.159.80
        crores due to the recessionary conditions.
 
      - Authorised capital increased.
 
 1998 - The Company launched Super NU Universal Mounting Worm Gears
 which  
        provide improved power ratings and are well accepted by
        industries.
 
      - The Company launched POSIRED 2 Helical Bevel Gears for which
 the
        company has entered into a technical collaboration with
 P.I.V.
        Antrieb Werner Reimers GmbH & Co. KG, Germany.
 
 2004
 
 -Elecon Engineering produces gear boxes for Stealth Frigate battle
 ships
 
 2005
 
 -Elecon Engg gets Rs 26 cr order from APGenco
 
 2006
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2007
 
 -Elecon Engineering Company Ltd has signed a Memorandum of
 Understanding (MoU) with the Government of Gujarat (GoG) at the
 Vibrant Global Investors' Summit 2007 held on January 13, 2007.
 
 - Elecon Engineering Company Ltd has informed that the Company has
 been awarded a contract worth Rs 229.09 Crores for supply and
 installation of Coal Handling Plant Package for National Capital
 Termal Power Project (NCTPP), Dadri, Stage II (2 x 490MW) from NTPC
 Ltd.
 
 - Elecon Engineering receives order of Rs 57.70 crores from BHEL.
 
 -The Company has issued Bonus Shares in the Ratio of 2:1.
 
 2008
 - Elecon Engineering Company Ltd has informed that the Board of
 Directors of the Company at its meeting held on July 29, 2008, Shri.
 Prashant C Amin appointed as Additional Director of the Company.
 
 - Elecon Engineering Company Ltd has bagged three orders worth Rs
 51.74 crore from Techpro Systems, Chennai and SAIL- Durgapur Steel
 Plant, Durgapur.
 
 - Elecon Engineering Company Ltd has informed that the Company has
 been awarded some prestigious order of Rs 17.75 Crores from following
 client for design, engineering, manufacturing, testing, supplying,
 fractioning and commissioning of Material Handling Equipments and
 other Equipments.
 
 - Client : Techpro Systems Ltd, Chennai
 - Details : Supply of 1 No. Unidirectional Stacker cum Reclaimer & 1
 No. Slewing Boom Stacker
 - Value : Rs 17,75,00,000/-
 
 2009
 
 -Elecon Engineering has been awarded some prestigious order of Rs.
 18.50 Crores from Techpro Systems Ltd.
 
 -Elecon Engineering  has been awarded a prestigious order of Rs 11.14
 Crores from following client for design, engineering, manufacturing,
 testing and supplying of Material Handling Equipments and other
 Equipments.
 
 2010
 
 -The Company has been awarded some prestigious orders aggregating to
 Rs. 88.35 Crores.
 
 -Elecon Engineering strengthens on bagging Rs 499 mn order from Sical
 Logistics
 
 -Elecon Engineering bags Rs519.2mn order from BGR Energy
 
 -Elecon Engineering acquisition of Benzlers - Radicon Group, UK.
 
 -Elecon Engineering bags orders worth Rs 432.5 mn
 
 2011
 
 -Elecon Engineering  has been awarded prestigious orders of Rs. 24.83
 Crores from S.K.Samanta & Co. (P) Limited 
 
 -Elecon Engineering as been awarded prestigious order of Rs. 15.50
 Crores from SHRI BAJRANG POWER AND ISPAT LIMITED
 
 -The Company has been awarded prestigious order of Rs. 33.00 Crores
 from Bharat Heavy Electrical Ltd.
 
 -Elecon Engineering has been awarded prestigious order of Rs. 25.46
 Crores from Lance Infratech Limited
 
 -Elecon Engineering has been awarded prestigious order of Rs. 176.49
 Crores from NMDC Limited 
 
 2012
 
 -The Company has been awarded prestigious order of Rs. 12.95 Crores
 from The Indure Pvt. Ltd.
 
 -Elecon Engineering bagged orders worth Rs 22.6 cr
 
 -Elecon Engineering bags Letter of Content worth Rs 19.45 cr from
 CETHAR Ltd
 
 -Elecon Engineering Company bags Rs 16.3 cr order from  IFFCO
 
 -Elecon Engineering bags Rs 104.41 cr order from BHEL.
 
 2013
 
 -Elecon Engineering Ltd has bagged order worth Rs 46.97 crores from
 Tecpro Systems Limited for Kanti Bijali projects of NTPC Muzaffarpur
 U.P.
 
 -Elecon Engineering bags Rs 14.42 cr orders from Monnet Ispat &
 Energy.
 
 -Elecon Engineering Company Ltd has been awarded Letter of intent of
 Rs. 12,21,67,565 ) from NMDC Limited.
 
 2014
 
 -Elecon Engineering Company Ltd- Subsidiary Company namely Elecon EPC
 Projects Limited, has been awarded a prestigious order from NTPC
 Limited.
 
 -Board recommended a dividend of Rs. 1 per equity share of Rs. 2/-
 each (i.e. 50% Dividend).
 
 2016
 -Elecon Engineering bags Rs 300 cr order from Mazagon Dock
 -Elecon Engineering Company Ltd has been awarded a prestigious order
 from Garden Reach Shipbuilders and Engineers Limited for supply of
 Marine Gearboxes aggregating worth of Rs. 225 Crores.