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Eimco Elecon (India) Limited, incorporated in 1974, is in the business of Manufacturing and Marketing Equipment for Underground and Opencast mines. The Co is situated at Vallabh Vidyanagar, Gujarat. It was the first Co. to introduce the intermediate technology of Side Dump Loaders, Load Haul Dumpers and Rocker Shovel Loaders in India.
CRISIL Ratings Limited has reaffirmed the ratings for Eimco Elecon's Bank facilities totaling Rs. 101.5 Crore. The Long-Term Rating stands at CRISIL A/Stable, and the Short-Term Rating is CRISIL A1. Both ratings are reaffirmed, indicating a stable outlook for the company's financial position.