Escorts increases Tractor Prices
Chandigarh, September 1, 2012: Escorts Limited, India’s leading tractor manufacturer, has announced an increase in prices of its tractors. The increase in prices is due to rising input cost especially that of the raw materials likes steel. The company has so far been absorbing the impact of increased factor costs without burdening its customers. The current hike in prices is in the range of 2-3% and will be applicable from 1st September across the range of Farmtrac, Powertrac and Escorts brand o
Escorts Third Quarter Net Profit at Rs. 26.9 Crore
New Delhi, August 6, 2012: Escorts Limited today reported a Net Profit of Rs. 26.9 crore for the third quarter of the 2011-12 financial year, ending June 30, 2012. Net profit for the quarter was up by 104% compared to Rs. 13.2 crore in the corresponding quarter (April-June 2011) last year. Escorts Limited follows an October-September fiscal year and the reported quarter is the third quarter of fiscal 2011-12.
Escorts second quarter Net Profit at Rs.18.1 Crore
Escorts Limited today reported a Net Profit of 18.1 crore for the second quarter of the 2011-12 financial year, ending March 31, 2012. Net profit stood at 18.1 crore as against 10.9 crore in the previous quarter. Escorts Limited follows an October-September fiscal year and the reported quarter is the second quarter of fiscal 2011-12.
Escorts launches India's First Executive Tractor
FARMTRAC, a leading tractor brand from the Escorts stable, today announced the launch of two new tractor models, 6060 and 6065 – India’s first ‘Executive’ Tractors. Available in 60HP and 65HP, these tractors are designed to cater to the progressive new- age Indian farmer, who are smart, educated, have an entrepreneurial bent of mind, and have adopted farming as a business of their choice.
Escorts First Quarter Net Profit at 10.86 crore
New Delhi, February 2, 2012: Escorts Limited today reported a Net Profit of 10.86 crore for the first quarter of the 2011-12 financial year ending December 31, 2011. Net sales increased 7.8% sequentially to 823 crore on account of a sequential increase of 9.2% in tractor sales. Escorts Limited follows an October-September fiscal year and the reported quarter is the first quarter of fiscal 2011-12.
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 Third Quarter Net Profit AT 13.2 Crore
New Delhi, August 5, 2011: Escorts Limited today reported a Net Profit of Rs 13.2 crore for the third quarter of the 2010-11 financial year ending June 30, 2011. Net sales stood at Rs 728.9 crore. Escorts Limited follows an October-September fiscal year and the reported quarter is the third quarter of fiscal 2010-11.
Escorts Enters Niche Domain of Rail Traction Systems
Escorts has signed an exclusive agreement with Ingeteam Traction to provide world class traction systems to Indian Railways.
Escorts Knowledge Management Center Wins the "Greenteck Gold Award" for Excellence in Environment Management
The Escorts Group is among India's leading engineering conglomerates has been committed to environment conservation and management. From focusing on producing Agri Machinery to implementing eco friendly technologies, waste management and from reducing its carbon footprint to driving energy conservation, Escorts Limited – Agri Machinery Group has been leading the agenda of growth with responsibility.
Escorts Construction Equipment Limited to have a Significant Presence at Southeast Asia's Largest Construction Equipment Fair EXCON 2011
New Delhi, November 1, 2011: Escorts Construction Equipment Limited (ECEL), the Construction and Material Handling Equipment manufacturing arm of Escorts Limited, today confirmed its participation in the 6th International Exhibition on Construction Equipment & Construction Technology Trade Fair - EXCON 2011.
Escorts Ties up with Ingeteam, Spain for Railway Traction Systems
New Delhi, October 13 2011: Escorts Limited, a leading manufacturer of critical railway components for over 40 years, 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. The Product can also be used on metro rail coaches.
Escorts Limited Appoints S.Sridhar as Chief Executive Officer of Agri Machinery Group
New Delhi, October 10, 2011: Escorts Limited today announced the appointment of S. Sridhar as the Chief Executive Officer of Agri Machinery Business. S. Sridhar brings to the Agri Machinery Group 26 years of experience in Engineering, Automotive Industry and Manufacturing. An Agriculture Engineer, Sridhar's domain experience will be important for driving the Group's strategic thrust in expansion of markets, diversification of product portfolio and creation and leadership in new categories. Mr. R
Escorts Limited Signs Exclusive Agreement with European firm for Disc Brake System for Railway Coaches
Escorts Limited, a leading manufacturer of critical railway components since the last over 40 years, has signed an exclusive agreement for the supply of disc brake system for railway coaches with DAKO-CZ a.s. of Czech Republic, a world renowned company in railway braking equipment systems. Through this partnership, Escorts will be able to offer cutting edge technology and world-class disc braking systems for LHB design ‘High Speed Passenger Coaches’ of the Indian Railways.
Escorts Second Quarter net Profit to 73.2 Crore
Construction equipment business shows half yearly net sales of 380.8 crore ending March 2011 as against full year sales of 575 crore in FY2010