Escorts Ltd Appoints Nikhil Nanda as Chairman and Managing Director
New Delhi, 7 August 2018: The Board of Directors of Escorts Limited, India’s leading engineering conglomerate manufacturing agri-machinery, construction and railway equipment, today appointed Mr Nikhil Nanda as the Chairman and Managing Director of the company
Escorts Mourns Passing Of Corporate Visionary, Chairman Rajan Nanda
New Delhi, August 6: Chairman and Managing Director of the Escorts Limited, Mr Rajan Nanda, passed away on Sunday, August 5, after a brief illness. He was 76 years.
Escorts Ltd. Q1 Profit up 92.7% YoY to ₹120.7 cr.
New Delhi, July 30,2018: Escorts Limited today reported profit of ₹120.7 crore in quarter ended June 30, 2018 up by 92.7 percent as against a profit of ₹62.6 crore in corresponding quarter of the previous fiscal and up by 7.2% as against ₹112.5 crore in sequential quarter.
Escorts Ltd. Consolidated Profit Up by 165.1% at ₹ 346.6 cr. in Fiscal 2017-18
New Delhi, May 17, 2018: Escorts Limited today reported consolidated profit of ₹ 346.6 crore in year ended March 31, 2018 up by 165 percent as against a profit of ₹ 130.8 crore in the previous fiscal and Standalone profit of ₹ 344.7 crore in year ended March 31, 2018 up by 114.9 percent as against a profit of ₹ 160.4 crore in the previous fiscal.
Escorts Introduces indigenously engineered Electric Tractor at Agritechnica 2017, Hanover, Germany
New Delhi, November 14, 2017: In compliance of the Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Company has introduces indigenously engineered Electric Tractor at Agritechnica 2017, Hanover, Germany. A copy of press release dated November 13, 2017 is annexed here with for the information of your Members and public at large.
Escorts Ltd. Q2 posts Profit Up by 147.9% at 77.6 cr.
New Delhi, October 31, 2017: Escorts Limited today reported a profit of ` 77.6 crore in the quarter ending September 30, 2017 as against a profit of ` 37.7 crore in the corresponding quarter in the previous fiscal. The net profit for the first half year ending September 2017 was up by 79.2 percent at ` 140.2 crore as against ` 78.2 crore in the corresponding period last year.
Escorts Showcases New Products at IREE 2017 for Safer Rail Travel
New Delhi, October 11, 2017: Living up to its role of a leading partner to the Indian Railways, Escorts has developed a series of new products to make rail travel safe and faster. The new products include anti lift AARH Couplers, Axle Mounted Disc Brakes, Brake Disc for high speed LHB coaches, Locomotive Brake Electronics for both Electric and Diesel Locomotives, High end Dampers for Locomotives and LHB coaches besides Air Springs.
Escorts unveils India’s first Electric Tractor Concept & Global Tractor Series
New Delhi, September 6, 2017: Escorts Ltd, India’s leading engineering conglomerate today launched India’s first Electric & Hydrostatic concept tractor and an expanded global portfolio of tractors for the export and domestic market in 22HP to 90 HP range under flagship brands Farmtrac and Powertrac compliant with tier 4 emission norms of Europe and America amidst 43 International distributors.
Escorts Profits Grow by 91.6% at Rs 160.4 Crore
New Delhi, May 29, 2017: Escorts Limited today reported a profit of ` 160.4 crore in year ended March’17 up by 91.6 percent as against a profit of ` 83.2 crore in the previous fiscal.
Escorts Ltd Launches New 80 & 90 HP Farmtrac Tractors in Europe & US
New Delhi, November 9, 2016 : Escorts Ltd, India’s leading tractor manufacturer, today announced the launch of new range of FT 6080 Pro and FT 6090 Pro Farmtrac tractors in 80 & 90 HP category simultaneously in Italy and Mexico at EIMA, International Exposition of Machinery for Agriculture and Gardening, Bologna, and at Expo Agroalimentaria Guanajuato, Irapuato, respectively. Aligned to Farmtrac pedigree of classic, simple and efficient farm machines, these new Escorts tractors are technology ma
Mr Ajay Mandahr appointed as CEO of Construction Equipment Business
New Delhi, October 18, 2016: Escorts Limited today announced the appointment of Ajay Mandahr as the new Chief Executive Officer of its Construction Equipment Business. Mr Mandahr brings 26 years of experience in construction equipment, material handling and manufacturing industry.
Escorts Ltd Divests Auto Products Business
New Delhi, 11 August, 2016: Escorts Ltd today announced the divestment of its OEM & Export business of Auto Product division to Badve Engineering Ltd., Pune in an all cash deal as a part of the planned strategic reorientation of the business to focus on core verticals in the Agri-Machinery, Construction equipment and Railway equipment.
Escorts First Quarter Net Profit Up 33.5%
New Delhi, July 28, 2016: Escorts Limited today reported an increase in net profit by 33.5% at Rs 47 crore in the quarter ending June 2016 against Rs 35.2 crore in quarter ended June 2015.
Escorts Strengthens International Portfolio with new Global Product Line
Escorts Limited, one of India’s leading tractor manufacturers, today unveiled their global ambitions with launch of 13 new tractors in 12HP to 110HP range under flagship brands Farmtrac, Powertrac, and Euroline Series to cater specifically to the world market. This heralds the foray of the engineering conglomerate in newer and extreme horse power range of 12HP to 110HP to address global competition in overseas markets by designing, developing and making in India.
Escorts Net Profit UP 19.6% At Rs. 89.4 Crore
New Delhi, May 25, 2016: Escorts Limited today reported an increase in net profit of 19.6 % at Rs. 89.4 crore in the fiscal year March 31, 2016 as against Rs. 74.7 crore in the previous fiscal. For the quarter ending March 2016, net profit was up by 28.7 % at Rs. 16.4 crore as against Rs. 12.8 crore in the corresponding quarter in the previous fiscal.