Elecon Engineering

Elecon Engineering Company Limited
Company type	Public
Traded as	BSE: 505700 ; NSE: ELECON
Industry	Materials Handling Equipment; Power Transmission; Power Generation; Foundry
Founded	1951; 73 years ago
Founder	Ishwarbhai B. Patel
Headquarters	Anand, Gujarat, India
Area served	Worldwide
Key people	Prayasvin B. Patel ; (chairman & MD)
Products	Industrial gears ; Material handling equipment ; Mining equipment
Revenue	₹ 807.15 Crore ; (US$115.3 million) (2021)
Net income	₹ 36.26 Crore ; (US$5.1 million) (2021)
Website	www.elecon.com

Elecon Engineering Company Limited is an Indian multinational company headquartered in Anand, Gujarat. The company specializes in the manufacturing of industrial gear and material handling equipment. Elecon is one of the largest Asian manufacturers of industrial gears and material handling equipment for core major sector like power, steel, cement, sugar, paper, mining, rubber and many more.^[1] Elecon group has subsidiaries such as Eimco Elecon Ltd, Elecon Hydraulics, Elecon Information Technology Ltd (EITL) and Tech Elecon Pvt. Ltd. (TEPL).^{[citation needed]}

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 and initially manufactured custom manufacturing conveyor systems. The company was then registered as a Private Limited company on 11 January 1960.^{[citation needed]}

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, Custom built Gearboxs , loose gears and spiral bevel gears upto 1000 mm diameter. Its products target a range of industries such as Rubber Industries , Sugar Industries , Plastic Industries , Power Industries , Marine Industries , Mining Industries etc..

In 2012, Elecon Engineering secured two prestigious orders from the NTPC and Tecpro Systems.^{[citation needed]}

Divisions

Power Transmission, Elecon's Power Transmission product range includes Helical Gears, Worm Gears, Fluid, Geared & Flexible Couplings, Planetary Gearbox, Special Gears including Gear drive for seven roll stands in Tube Mill plant, Sheet metal un-coiler gearbox, Gear drive for piercing milling seamless tube plant, Assel mill gearbox in seamless tube plant, Drive for briquetting mill in continuous steel plant for hot strip mill, 330KW wind mill gear drive unit, Drive for sponge iron kiln, Marine gearbox for advanced offshore patrol vessel propulsion, among others.
Materials Handling Equipment, Elecon's Materials Handling division manufactures Belt Conveyors, Idlers and Pulleys , Elevators and Chain Conveyors, Stackers, Reclaimers, Stacker-cum-Reclaimers, Barrel type Blender Reclaimers, Bridge type Bucket Wheel Reclaimer, Wagon Tipplers and Beetle Marshalling Equipment, Side Arm Chargers & Pusher Car, Ship loader and Unloaders, Crawler and Rail mounted Trippers, Wagon Loaders, Crawler mounted Bucket Wheel Excavator, Spreader, Mobile, Transfer Conveyors and other surface Mining Equipment, Specialized shiftable conveyors for open cast mines, Drive heads and long distance conveyors, Salt Scraper and Scraper Reclaimer, Cable Reeling Drum, Apron Feeders, Paddle Feeders, Vibrating Feeders and Reciprocating Feeders, Roller Screen, Grizzly Feeders, Bin Vibrators, Impactors, Ring Granulators, Double/Single Roll Crushers, Hammer Mill Crushers, Rotary Breakers, Transfer Cars, Wind Turbine Generators.
Foundry Division, Elecon's Foundry Division (EFD) provides casting and machining services to several other companies other than Elecon group.

Acquisitions and subsidiaries

Acquisitions

In October 2010, Elecon acquired the Benzlers-Radicon Group, the power transmission division of UK-based David Brown Ltd.^[2]^[3]^[4]

Subsidiaries^[5]

Radicon Transmission UK Limited
Elecon Singapore pte.Limited
Elecon Middle East FZE
Benzler System AB -Sweden
AB Banzlers -Sweden
Radicon Drive System Inc. - US
Banzlers Transmission A.S. - Denmark
Benzlers Antriebstechnik G.m.b.h.
Banzlers TBA B.V. -Netherlands
OY banzlers AB-Finland

The Group of Companies

Emtici Engineering
Power Build Private Limited
Vijay M. Mistry Construction Pvt. Ltd
Modsonic Instruments Mfg. Co. (P) Ltd.
Elecon Hydraulics

Associates

Eimco Elecon (India) Ltd.

References

^ "About Us". Elecon Engineering Company Limited. Archived from the original on 11 November 2011. Retrieved 30 December 2011.
^ "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 30 December 2011.
^ "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 30 December 2011.
^ "Elecon Group Companies | Elecon". elecon.com. Retrieved 17 August 2021.

[elecon-aboutus-1] "About Us". Elecon Engineering Company Limited. Archived from the original on 11 November 2011. Retrieved 30 December 2011.

[machinist-br-2] "Elecon set to acquire Benzlers Radicon Group from David Brown Gear Systems". Machinist.in. 29 October 2010. Retrieved 30 December 2011.

[radicon-takeover-3] "Radicon Joins Asian Market-Leader in Industrial Transmissions". Radicon. November 2010. Archived from the original on 28 October 2011. Retrieved 30 December 2011.

[elecon-br-4] "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 30 December 2011.

[5] "Elecon Group Companies | Elecon". elecon.com. Retrieved 17 August 2021.

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