- Business
- Eimco Elecon (India) Limited manufactures and markets equipment for underground and opencast mining operations as well as construction applications; its core products include load haul dumpers for coal and metal mining, side dump loaders, rocker shovel loaders, wheel loaders, low profile dump trucks, coal haulers, continuous miner packages, drill machines, air motors, chair lift man riding systems, piling rigs and foundation equipment. Incorporated in 1974 and listed in 1992, the company is headquartered at Vallabh Vidyanagar, Anand, Gujarat, over a 15-acre facility, and serves major clients such as Eastern Coalfields Ltd, Mahanadi Coalfields Ltd, South Eastern Coalfields Ltd and Western Coalfields Ltd, with exports to international markets and sales supported by a nationwide network of branches. Part of the Elecon Group, it maintains operations primarily in India while focusing on mining and construction sectors through indigenous technology and collaborations with global manufacturers. In October 2025, investor Vijay Kedia acquired a stake worth approximately Rs 11 crore via his entity Kedia Securities Private Ltd, signaling market confidence amid strong financial performance including Rs 227.5 crore turnover and Rs 40.4 crore profit after tax for FY24. The company also approved material related party transactions up to Rs 32 crore with Emtici Marketing LLP for FY25 and appointed Kamlesh Nalin Shah as whole-time director in 2025.