Elecon Engineering Company announced that the Board of Directors of the Company at its meeting held on 19 April 2024, has recommended a Final dividend of Rs.2 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Elecon Engineering Company at its meeting held on 19 April 2024 has approved sub-division of equity shares of the company from face value of Rs 2 each into Re 1 each. Powered by Capital Market - Live News

Elecon Engineering Company will hold a meeting of the Board of Directors of the Company on 19 April 2024.Powered by Capital Market - Live News

Net profit of Elecon Engineering Company rose 44.09% to Rs 90.40 crore in the quarter ended December 2023 as against Rs 62.74 crore during the previous quarter ended December 2022. Sales rose 21.79% to Rs 473.56 crore in the quarter ended December 2023 as against Rs 388.82 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales473.56388.82 22 OPM %25.4222.77 - PBDT130.1391.02 43 PBT117.4978.90 49 NP90.4062.74 44 Powered by Capital Market - Live News

Elecon Engineering Company has received a Letter of Intent for awarding a contract of Rs. 82.78 crore (excluding GST) from Arcelormittal Nippon Steel India, 27th KM Surat Hazira Road, Hazira, Surat394 270, Gujarat, India for Manufacturing and supply of Belt Conveyor MechanicalEquipment and Technological Structure for MH SYSTEMCOBP#I&2 BF#1at its Hazira Plant, Surat, Gujarat.Powered by Capital Market - Live News