Escorts signs agreement with Honeywell for Railway Brake Systems
New Delhi, December 21, 2011:Escorts Limited, a leading manufacturer of critical railway components, has entered into an exclusive License and Technology assistance agreement with Honeywell, a U.S.-based Fortune 100 Company, for providing technology on friction materials for railway application. Escorts Limited has been manufacturing and supplying various products to the Indian Railways and is one of the key players for supply of brake system including Composite Brake Blocks.
Escorts FY11 net profit at 120.1 Crore
New Delhi, November 28, 2011: Escorts Limited today reported a rise in Net Sales by 17% at Rs 3,210 crore in the financial year 2010-11as against Rs 2,745 crore in the previous year. The company reported a Net Profit of Rs120.1 crore for the financial year 2010-11 ending September 30, 2011. This is against a net profit of Rs 137.5 crore in the previous fiscal. EBIDTA stood at Rs 174.5 crore in the current fiscal.
Escorts make a mark in Mozambique
To establish a strong presence in the African market, Escorts AMG appointed new distributor in Mozambique.
AMG, Part of Government Delegation to Vietnam
India and Vietnam conducted a comprehensive review of their bilateral issues in the Meeting of the Joint Commission (JCM) co-chaired by External Affairs Minister Mr. S M Krishna. The meeting was held at Hanoi, Vietnam.
Escorts Showcases New Product at Poland Agro Show
Farmtrac Tractors Europe Sp Z.o.o has launched two new models - FT7100DT and FT7110 DT in Europe. These Tractors have made their first public appearance on this year’s Agro Show, at Bednary near Poznan. The Agro Show, Bednary is the biggest farm show in Poland and draws thousands of visitors.
RED Launches Project 45 The Brand Visibility Campaigns
A new marketing initiative from auto products division. Specific teams are deployed to enhance brand visibility and run region specific campaign to enhance brand building efforts in identified markets.
Rail Products Business Signs Agreement with Renowned Company Dako CZ
Escorts (Rail Products Business) has signed an Exclusive Agreement with a European Company; DAKO-CZ a.s. (a world renowned company, manufacturing Brake System and Brake Equipment for Railway Passenger Vehicles, Rail Freight Wagons and Locomotives), for the supply of critical parts of Disc Brake System.
RED Ties up with Ingeteam, Spain for Railway Traction Systems
Escorts has signed an exclusive agreement with Ingeteam Traction to provide world class traction systems to Indian Railways. The product has large scale application on Electric Locomotives, Diesel-Electric Locomotives, Diesel Electrical Multiple Units (DEMU) and Electric Multiple Units (EMU) of Indian Railways.
Escorts at Machinery Mart 2010
Escorts Agri Machinery Division and Escorts Construction Equipment Limited showcased products at the recently held "Machinery Mart 2010," in Guwahati, Assam.
Escorts Exhibits Latest Track Technologies
Escorts Engineering Division exhibited its latest and innovative track technologies to the Indian Railways at the exhibition cum seminar organized by Institution of Permanent Way Engineers (IPWE) and Ministry of Railways at Pune.
Escorts 64th Annual General Meeting
The 64th Annual General Meeting of Escorts was held at Panchkula, Haryana on 12 March 2010.
Escorts Sponsors Tractor Styling and Design Contest Farmtrac 2020
Escorts Ltd. recently sponsored a New Generation Tractor Design contest - Farmtrac 2020, to engage with young minds and create futuristic tractor design concepts. The event was part of ADEX 2010 - a 3 day annual festival at (IIT) Kanpur where students from leading design institutions participated from across the country.
SIDBI Meet at Faridabad
SIDBI recently organised a customers’ meet at Faridabad on the occasion of completing its 20 years of service to small scale industry. The function was presided over by SIDBI’s Dy Managing Director, Mr NK Maini and our Group CFO, Mr OK Balraj was honoured at the function which was attended by more than 200 customers of SIDBI.
Escorts Limited Enters the Tunisian Market
Escorts Ltd. forayed into the important North African market of Tunisia in the first week of December. Escorts launched its high end premium range of Farmtrac tractors at Sfax the commercial capital of Tunisia. Escorts unveiled its two cylinder and four cylinder offerings Farmtrac Champion, Farmtrac 70 E, Farmtrac 60 DT, Farmtrac 80 and Farmtrac 80 DT. SODAG Ltd. was announced as the authorized distributor for Farmtrac tractors in Tunisia.
The Launch brings us closer to the Jai Kisan
"The launch brings us closer to the 'Jai Kisan' philosophy of empowering the Indian farmer by providing solutions that will enhance agricultural productivity and improve quality of life in rural India. We would like to create a far-reaching positive impact in bringing a qualitative change and revolutionizing India's Agri sector", he further added.