YEAR EVENTS 1960 - The Company was incorporated as a Private Limited Company and converted into a public limited company on 26th September, 1961. The company manufactures all kinds of mechanical handling equipments such as bucket elevators, belt conveyors, gravity rollers, conveyors, bag filling machines, bag stacking machines, overhead chair conveyors etc. 1965 - Issued 12,000 Right Equity shares at par in the prop. 1:5, 425 No. of Equity shares forfeited. 6,824 shares issued for consideration other than cash during 1960. 1974 - 24,000 - 9.8% Pref. shares issued to the public. Pref. shares redeemable during 30.6.1982/84 at 3 months' notice. 1976 - 36,000 Right Equity shares issued at par in prop. 1:2. 1977 - 54,000 Bonus Equity shares issued in prop. 1:2. 1979 - Chitraj Engineering Co. (P) Ltd. became a wholly owned subsidiary of the Company from 9th November. 1981 - Equity shares sub-divided on 15.6.1981. 8,10,000 Bonus Equity shares of Rs 10 issued in prop. 1:2 on 29.6.1981. 1982 - The name of this subsidiary was changed to Elecon (Chennai) Ltd., with effect from 2nd February. The subsidiary's working was affected by paucity of orders and natural calamities during 1984. - In January, the Company issued to the public 5,50,000-13.5% convertible secured debentures of Rs 100 each. 1983 - During March, consequent upon conversion of 55% of the face value of convertible debentures, the Company issued equity shares of Rs 10 each credited as fully paid-up at a premium of Rs 17.50 per share in the prop. 2 No. of equity shares for every debenture. Shares were allotted on 12th March. - Pref. shares redeemed on 31.12.1983. 10,99,632 No. of equity shares allotted on conversion of debentures on 12.3.1983. 1984 - Authorised capital reclassified. 1987 - 21,17,778 Bonus shares issued in prop. 3:5. 1988 - A letter of registration was received for the manufacture of new articles viz., shearer and continuous miner with an annual capacity of 10 units. 1989 - The High Courts of Chennai and Gujarat by their orders dated 14th February, and 22nd March, 1990 respectively approved the scheme of amalgamation of the wholly owned subsidiary Elecon (Chennai) Ltd. with the Company effective from 1st January, 1987. Accordingly, Elecon (Chennai), Ltd. was dissolved without winding up effective from 1st January, 1987. - The Company's sales declined to Rs.99.75 crores mainly due to irregular inflow of orders because of severe competition which led to uneven load in the workshops. 1990 - The Company has issued 5,00,000-14% secured redeemable non-convertible debentures of Rs 100 each by private placement of SBI Capital Markets Ltd., and Canara Bank in equal prop. to meet the longterm working capital needs of the Company. These debentures are redeemable at a premium of 5% in three equal annual instalments between 19th September, 1996 to 19th September, 1998. - The Company's profits were low due to non-receipt of export benefits worth Rs.113 lakhs from the export order of EGAT which was already completed and higher tax liability. 1991 - The working results were adversely affected due to increased interest rates, large overdue receivables from Electricity Boards, execution of contracts with lower margins, etc. - The Company proposed to diversify into the business relating to vegetable and fruit processing, food processing and processing of edible oil seeds, extraction and refining of edible oil, grain silos, cattle and poultry feeds. 1993 - The Company proposed to dispose of the Chennai division in view of poor performance of the unit. 1994 - The Company had successfully implemented the Alternate Energy System. It installed 7 wind mills, out of these 5 were sold to outside parties and 2 were retained by the company for its own consumption. - The Company has entered into a technical collaboration agreement with HMZ Belgium N. V. Balgium for manufacture of windomaster wind Energy Generators, which is one of the best available in the world with larger energy generation. 1995 - The liquidity and profitability of the company was adversely affected on account of large over due receivables. - 11 Wind Mills were commissioned which already started generating power. The Company had decided to abandon diversification into shrimp feed production, in view of the recessionary conditions in shrimp farms, all over India. 1996 - Efforts to realise large over due receivables from State Electricity Board and Central Government Corporation were partly successful. The Company secured an order from Neyveli Lignite Corporation Ltd. for manufacture, erection and commissioning of 2400 MM Drive Heads and conveyors for its Mine-III. - The diversification programme in the field Alternate non-conventional energy source continued. The company installed eight additional wind mills during the year raising the total to twenty two. 1997 - Eleven wind mills erected in Gujarat for captive consumption were lost due to severe cyclone. The installed seven additional Wind Mills during the year. - The Company's sales and other services declined to Rs.159.80 crores due to the recessionary conditions. - Authorised capital increased. 1998 - The Company launched Super NU Universal Mounting Worm Gears which provide improved power ratings and are well accepted by industries. - The Company launched POSIRED 2 Helical Bevel Gears for which the company has entered into a technical collaboration with P.I.V. Antrieb Werner Reimers GmbH & Co. KG, Germany. 2004 -Elecon Engineering produces gear boxes for Stealth Frigate battle ships 2005 -Elecon Engg gets Rs 26 cr order from APGenco 2006 -Company has splits its Face value of Shares from Rs 10 to Rs 2 2007 -Elecon Engineering Company Ltd has signed a Memorandum of Understanding (MoU) with the Government of Gujarat (GoG) at the Vibrant Global Investors' Summit 2007 held on January 13, 2007. - Elecon Engineering Company Ltd has informed that the Company has been awarded a contract worth Rs 229.09 Crores for supply and installation of Coal Handling Plant Package for National Capital Termal Power Project (NCTPP), Dadri, Stage II (2 x 490MW) from NTPC Ltd. - Elecon Engineering receives order of Rs 57.70 crores from BHEL. -The Company has issued Bonus Shares in the Ratio of 2:1. 2008 - Elecon Engineering Company Ltd has informed that the Board of Directors of the Company at its meeting held on July 29, 2008, Shri. Prashant C Amin appointed as Additional Director of the Company. - Elecon Engineering Company Ltd has bagged three orders worth Rs 51.74 crore from Techpro Systems, Chennai and SAIL- Durgapur Steel Plant, Durgapur. - Elecon Engineering Company Ltd has informed that the Company has been awarded some prestigious order of Rs 17.75 Crores from following client for design, engineering, manufacturing, testing, supplying, fractioning and commissioning of Material Handling Equipments and other Equipments. - Client : Techpro Systems Ltd, Chennai - Details : Supply of 1 No. Unidirectional Stacker cum Reclaimer & 1 No. Slewing Boom Stacker - Value : Rs 17,75,00,000/- 2009 -Elecon Engineering has been awarded some prestigious order of Rs. 18.50 Crores from Techpro Systems Ltd. -Elecon Engineering has been awarded a prestigious order of Rs 11.14 Crores from following client for design, engineering, manufacturing, testing and supplying of Material Handling Equipments and other Equipments. 2010 -The Company has been awarded some prestigious orders aggregating to Rs. 88.35 Crores. -Elecon Engineering strengthens on bagging Rs 499 mn order from Sical Logistics -Elecon Engineering bags Rs519.2mn order from BGR Energy -Elecon Engineering acquisition of Benzlers - Radicon Group, UK. -Elecon Engineering bags orders worth Rs 432.5 mn 2011 -Elecon Engineering has been awarded prestigious orders of Rs. 24.83 Crores from S.K.Samanta & Co. (P) Limited -Elecon Engineering as been awarded prestigious order of Rs. 15.50 Crores from SHRI BAJRANG POWER AND ISPAT LIMITED -The Company has been awarded prestigious order of Rs. 33.00 Crores from Bharat Heavy Electrical Ltd. -Elecon Engineering has been awarded prestigious order of Rs. 25.46 Crores from Lance Infratech Limited -Elecon Engineering has been awarded prestigious order of Rs. 176.49 Crores from NMDC Limited 2012 -The Company has been awarded prestigious order of Rs. 12.95 Crores from The Indure Pvt. Ltd. -Elecon Engineering bagged orders worth Rs 22.6 cr -Elecon Engineering bags Letter of Content worth Rs 19.45 cr from CETHAR Ltd -Elecon Engineering Company bags Rs 16.3 cr order from IFFCO -Elecon Engineering bags Rs 104.41 cr order from BHEL. 2013 -Elecon Engineering Ltd has bagged order worth Rs 46.97 crores from Tecpro Systems Limited for Kanti Bijali projects of NTPC Muzaffarpur U.P. -Elecon Engineering bags Rs 14.42 cr orders from Monnet Ispat & Energy. -Elecon Engineering Company Ltd has been awarded Letter of intent of Rs. 12,21,67,565 ) from NMDC Limited. 2014 -Elecon Engineering Company Ltd- Subsidiary Company namely Elecon EPC Projects Limited, has been awarded a prestigious order from NTPC Limited. -Board recommended a dividend of Rs. 1 per equity share of Rs. 2/- each (i.e. 50% Dividend). 2016 -Elecon Engineering bags Rs 300 cr order from Mazagon Dock -Elecon Engineering Company Ltd has been awarded a prestigious order from Garden Reach Shipbuilders and Engineers Limited for supply of Marine Gearboxes aggregating worth of Rs. 225 Crores. 2017 -Company has been awarded a prestigious order from Indian Farmers Fertiliser Cooperative Limited (IFFCO) for Bagging facilities expansion on turnkey basis at its Kandla Unit. 2020 -Elecon Engineering ( Mhe Division) Bagged Order Worth Rs 3.98 Crore from L&T Metallurgical and material handling division for Vibrating grizzly feeders for BHEL Yadadri project. 2023 -Elecon Engineering ( Mhe Division ) Bagged Order Worth Rs 51.41Crore 2024 -The Company has splits its face value from Rs. 2/- to Rs. 1/-. -The Company has received a contract of Rs. 82.78 Crores from Arcelormittal Nippon Steel India Limited, Hazira, Surat, Gujarat,