Type Private company Founder bhanubhai B. Patel Headquarters Vallabh Vidhyanagar | Industry Industrial equipment Area served Engineering industries Founded 1951 | |
Traded as BSE: 505700NSE: ELECON Key people Prayasvin Patel, Chairman & MD Stock price ELECON (NSE) ₹ 52.70 -0.65 (-1.22%)8 Mar, 3:30 PM IST - Disclaimer Subsidiaries Elecon Middle East Fzco, Elecon Singapore Pte. Ltd | ||
Elecon engineering company case study
Elecon Engineering Company Limited is an Indian company specialized in the manufacture of industrial equipments. Elecon is one of the largest Asian manufacturer of material handling equipment, industrial gear systems and mining equipment.
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Elecon engineering company ltd gujarat india
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. Later, the company was listed on the Bombay Stock Exchange and the National Stock Exchange.
In 1976, the company established its Gear Systems Division, specialising in power transmission equipment. It designs and manufactures worm drives, helical gears, spiral bevel gears as well as a range of couplings. 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.
In 2012, Elecon Engineering secured two prestigious orders: NTPC and Tecpro Systems.