Elgi Equipments Limited to launch new product

Elgi Equipments Limited is proposing to launch a new product to enhance efficiency of Air Compressors, Vacuum products and Blowers. The Company will be holding a global press conference on February 8, 2025, to talk about the intricate details of the technology involved in this product.

The product is still awaiting a name. It features a breakthrough system and technique designed to enhance the efficiency and reliability of air compressors through dynamic capacity and demand balancing. This system incorporates advanced sensors, stabilizer valves, control algorithms, and real-time feedback mechanisms to optimize these functions. It substitutes the traditional systems that use variable frequency drives for this purpose to a greater extent. Additionally, the same system and technique can be applied to vacuum systems and blowers.

Shares of Elgi Equipments Limited was last trading in BSE at Rs. 528.15 as compared to the previous close of Rs. 546.75. The total number of shares traded during the day was 6035 in over 386 trades.

The stock hit an intraday high of Rs. 554.95 and intraday low of 526.55. The net turnover during the day was Rs. 3249363.00.

Source : Equity Bulls

Keywords

ElgiEquipments INE285A01027 NewProductLaunch