Elgi Compressors USA Inc receives tariff refund of $2.68 Mn

Elgi Equipments Ltd's wholly owned subsidiary, Elgi Compressors USA INC, has received a tariff refund from U.S. Customs and Border Protection (CBP) amounting to US$ 2.68 million, equivalent to approximately ₹ 25.6 crores. This is consequent to the US Supreme Court's directives to the US Government to refund the excess tariff collected from the importers.

Shares of Elgi Equipments Limited was last trading in BSE at Rs. 581.25 as compared to the previous close of Rs. 572.25. The total number of shares traded during the day was 29582 in over 1530 trades.

The stock hit an intraday high of Rs. 584.95 and intraday low of 570.00. The net turnover during the day was Rs. 17130000.00.

Source : Equity Bulls

Keywords

ElgiEquipments INE285A01027 IndustrialMachinery USA Subsidiary TariffRefund