Tag: EimcoElecon

  • Eimco Elecon’s Success Story: Bagging a Rs 33 Crore Order

    Eimco Elecon (India) has achieved a significant milestone with a Rs 33.11 crore order from The Singareni Collieries Company for coal mining equipment, sending its stock soaring by 5% to Rs 2,147.35. The company's robust Q4 FY24 results, including a 51.3% rise in consolidated net profit and a 31.2% increase in net sales, underscore its strong performance and market position. Eimco Elecon (India) is making headlines after securing a Rs 33.11 crore order from The Singareni Collieries Company. The order, slated for completion by February 2025, highlights the company's prowess in delivering mining equipment. In Q4 FY24, Eimco Elecon reported a 51.3% surge in net profit and a 31.2% growth in net sales, showcasing its financial strength and growth trajectory.