Elecon Engineering

Elecon Engineering Company Limited
Type	Private company
Traded as	BSE: 505700 ; NSE: ELECON
Industry	Industrial equipment
Founded	1951
Founder	Ishwarbhai B. Patel
Headquarters	Anand, Gujarat, India
Area served	Engineering industries
Key people	Prayasvin B. Patel, Chairman & MD
Products	Material handling systems ; Industrial gears ; Mining equipment
Revenue	₹1,274.7 crore (US$180 million) (2016-17)[1]
Operating income	₹164.0 crore (US$23 million) (2016-17)
Net income	₹10.8 crore (US$1.5 million) (2016-17)
Website	elecon.com

Elecon Engineering Company Limited is an Indian company specialised in the manufacture of industrial equipments. Elecon is one of the largest Asian manufacturers of material handling equipment, industrial gear systems and mining equipment.[2]

History

Elecon Engineering was established in 1951 in Goregaon, Mumbai by Ishwarbhai B. Patel. The company's early focus was on engineering, procurement and construction projects in India. It initially manufactured custom manufacturing conveyor systems. The company was registered as a Private Limited company on 11 January 1960. In May 1960, the company moved to its current location in Vallabh Vidyanagar, Gujarat (now part of Anand). Later, the company was listed on the Bombay Stock Exchange and the National Stock Exchange.

In 1976, the company established its Gear Division, specialising in power transmission equipment and Industrial Gears. It designs and manufactures worm drives, helical gears, planetary gears, couplings, loose gears, custom gear boxs, and spiral bevel gears. Its products target a range of industries, including steel rolling mills, wind turbines, marine applications and space applications.

In 1995, Elecon established its Alternate Energy Division, for the design and manufacture of wind turbines.

In October 2010, Elecon acquired the Benzlers-Radicon Group, the power transmission division of UK-based David Brown Ltd.[3][4][5]

In 2012, Elecon Engineering secured two prestigious orders: NTPC and Tecpro Systems.

References

"57th Annual Report, 2016–17" (PDF). Elecon Engineering Company Ltd. Retrieved 15 January 2017.
"About Us". Elecon Engineering Company Limited. Archived from the original on 11 November 2011. Retrieved 2011-12-30.
"Elecon set to acquire Benzlers Radicon Group from David Brown Gear Systems". Machinist.in. 29 October 2010. Retrieved 30 December 2011.
"Radicon Joins Asian Market-Leader in Industrial Transmissions". Radicon. November 2010. Archived from the original on 28 October 2011. Retrieved 2011-12-30.
"Elecon Engineering Group acquires UK based Benzlers-Radicon Group". Elecon Engineering Company Ltd. 28 October 2010. Archived from the original on 22 February 2012. Retrieved 2011-12-30.

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[elecon-51ar-1] "57th Annual Report, 2016–17" (PDF). Elecon Engineering Company Ltd. Retrieved 15 January 2017.

[elecon-aboutus-2] "About Us". Elecon Engineering Company Limited. Archived from the original on 11 November 2011. Retrieved 2011-12-30.

[machinist-br-3] "Elecon set to acquire Benzlers Radicon Group from David Brown Gear Systems". Machinist.in. 29 October 2010. Retrieved 30 December 2011.

[radicon-takeover-4] "Radicon Joins Asian Market-Leader in Industrial Transmissions". Radicon. November 2010. Archived from the original on 28 October 2011. Retrieved 2011-12-30.

[elecon-br-5] "Elecon Engineering Group acquires UK based Benzlers-Radicon Group". Elecon Engineering Company Ltd. 28 October 2010. Archived from the original on 22 February 2012. Retrieved 2011-12-30.