Elecon Engineering bags order worth Rs. 16 crore
India-based, Elecon Engineering Co Ltd has announced that the company has received combined orders worth Rs 15.74 crore for supplying crushers and wagon tipplers to some cement companies.
Elecon Engineering manufactures Material Handling Equipment, Helical gears, Spiral Bevel Helical gears, Elecon ET Series modular gear units, Elecon EP & Epex Series, Planetary gears, Worm gears, Couplings, Geared Motors as well as custom engineered drive solutions for specialized precision applications.
The firm presently holds market cap worth Rs. 2823 crore, PE Ratio of 46.38; EPS of 6.56 and BV of 60.76. The firm had registered a net profit of Rs 17 crore for the quarter ended September 2007 as against Rs. 16 crore in same quarter of corresponding year.
The stock closed on Friday at Rs. 309 on NSE. It touched an intraday high of Rs. 319 and low of Rs. 298.