Elecon Engineering, one of the largest manufacturers of MHE and Industrial gears in Asia, reported a 5 percent drop in its topline to Rs 283 crore for Q2FY16.
In a chat with CNCB-TV18, Prashant C Amin, Executive Director, Elecon, blamed the broad weakness in capital projects to be the main reason for the decline in the company’s topline.
Watch video for more.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
