News & Updates

News & Updates

ELGi Equipments looks to double turnover in 3 years to compete with American and German rivals

3 October 2017

The Coimbatore-based listed company air compressor manufacturer ELGi Equipments is looking to double its turnover in the next 3 years, betting big on exports and localising products in markets like the US and Europe. The company . . . Read More


Elgi Equipments to sell compressors with IoT technology as a standard feature

IANS : Chennai : 13 September 2017

Compressor major Elgi Equipments Ltd is hoping to log 15 per cent growth this fiscal and has launched a SIM-based Internet of Things (IOT) service that informs its customers on strategic, analytical and operational data about their compressors, said a senior official . . . Read More


Father & son die after air compressor tank explodes

Courtesy : Times of India : 4 September 2017


Alwar, Rajasthan: A 38-year-old man and his 22-year-old son died on the spot after an air compressor tank exploded in Alwar's NIB area on Sunday evening. Their bodies were shattered into pieces and scattered all over the area. The police have identified the deceased as . . . Read More

Compressor industry seeks TN government support for GST reduction

26 August 2017


The Coimbatore Compressor Industries Association has met Kerala Finance minister Thomas Isaac seeking his support in getting GST on air compressors reduced from 28 per cent to . . . Read More


Elgi launches it’s first-ever silent portable compressor at Rig Expo 2017

Courtesy : Economic Times : 23 August 2017


Elgi provides reliable compressed air solutions to the water well segment for more than four decades. For DTH drilling, the compressors should meet the critical requirements of . . . Read More


Hitachi to add Sullair's products to its existing catalog

By Harveer Chawla : 31 July 2017


Sullair, a long-established manufacturer of air compressors and accessories in Northwest Indiana, has been purchased by Hitachi. Mayor of Michigan said the city has been assured Hitachi is committed to the city and the company hopes to expand the operation . . . Read More

Gardner Denver Acquires LeROI Compressors

12 July 2017


Gardner Denver Holdings Inc. has acquired LeROI Compressors. The US$20 million deal expands Gardner Denver’s gas compression and vapor recovery portfolio and introduces a wider distribution network and . . . Read More


Change of Name of a Wholly-owned subsidiary of ELGi

5 July 2017


We wish to inform you that ELGi's Wholly Owned Subsidiary incorporated in . . . Read More


Elgi Equipments ensure the Indian flag is flying high

Courtesy : The Times of India : 8 June 2017


Chennai: The limping national flag atop many a flag mast including the one in Delhi's Connaught Place or the Wagah border will be a thing of the past, if researchers at Coimbatore-based air compressor maker Elgi Equipments crack air flow patterns and make a capsule like fitment to the mast so that . . . Read More


Re-branded Elgi Equipments targets $1 billion revenue in five years’ time

7 June 2017

Chennai, June 7 (IANS) Rebranding itself, air compressor major Elgi Equipments Ltd is looking at acquiring distributors overseas to increase its market share at a fast pace and also set up assembly lines abroad, a top company official said . . . Read More

With ref to Coimbatore Metro - Coimbatore Compressor Industries’ Association appeals to Ministry to reduce tax on compressors to 12%

Courtesy : The Hindu : 30 May 2017


The State Government will take steps to start works for the metro rail project for Coimbatore by next financial year, Municipal Administration and Rural Development Minister S.P. Velumani said on Saturday . . . Read More


ELGi Board approves dividend for the year 2016-17

17 May 2017


The Directors have recommended a dividend of Re. 1/- (Rupee One only) per equity share (on a face value of Re. 1/-) for the year ended 31st March, 2017. The Dividend Warrants, upon approval of . . . Read More


Death of a 14 year old boy by an Air Compressor in Punjab

By Harveer Chawla : 12 May 2017


A 14 year old boy died under mysterious circumstances in a workshop in Dugri area on Thursday morning. The deceased has been identified as Avinash Kumar aka Aman. Mother of deceased alleged that coworkers at factory have killed the victim by pumping air with an air compressor machine. The young boy suffered a heart failure and was rushed to hospital where his heart beat was recovered but few minutes later . . . Read More

 
 

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