|₹541.8 / ₹303|
What is shareholding pattern? Who are shareholders?
What is a cash flow statement?
What is a balance sheet?
What is a profit and loss statement?
What are dividends?
What are bonuses?
Eimco Elecon, established in 1974 was promoted as a joint venture between Elecon Engineering Company and Envirotech Corporation, US (a subsidiary of Baker Hughes), to manufacture hi-tech drills and loaders used in underground mining. Envirotech was active in the mining business through its division Eimco Mining Equipment Group, till 1989, then from Baker Huges, the Eimco division was taken over by the Finnish Industrial Organisation OY Tampella, whose mining equipment division Tamrock is the market leader with over 40% share internationally, OY Tampella through its subsidiary, Tamrock Great Britain Holdings, held around 39% of Eimco Elecon's Rs 2. 47-cr equity till the Dec '92 issue later it's holding decreased to 25. 1%. Eimco Elecon's product range includes mining equipment like air-powered rocket shovels, electro-hydraulic side dump loaders, etc. The air motors manufactured by the company are partly used for captive consumption. Later EEL has diversified into granite quarry line products. In 1995-96, the company installed two wind mills with a total generating capacity of 0.