Eimco Elecon Launches New Continuous Miner, Rebrands
Eimco Elecon (India) Ltd held its 52nd Annual General Meeting on June 25, 2026. The company reported revenue of ₹231 Crore, EBITDA of ₹42 Crore (18.3% margin), and PAT of ₹39 Crore (16.8% margin). Key developments include the launch of the Continuous Miner 3500 for thicker coal seams, expanding their 'Continuous Miner package' offering. They also entered the battery-operated equipment market with an indigenous passenger car and utility vehicle. The company unveiled a new corporate logo, signifying a renewed purpose and independent course. Eimco Elecon highlighted its R&D investment in future mining equipment and brand strengthening initiatives. The company recommended a final dividend of ₹4 per equity share.
Key Highlights
- Revenue ₹231 Cr, EBITDA ₹42 Cr (18.3%), PAT ₹39 Cr (16.8%).
- Launched Continuous Miner 3500 and battery-operated vehicles.
- Unveiled new corporate logo and brand identity.
- Recommended final dividend of ₹4 per equity share.
- Focus on R&D and brand strengthening for future growth.
Price Impact
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