Wednesday, February 6, 2008

Elgi Equipments plans subsidiaries in Sharjah and Brazil

Dear Investors/,

PL read the latest news about this company:-
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Elgi Equipments intends to open a wholly owned subsidiary in Sharjah
and Brazil.The proposal was placed before the board meeting held on
Feb. 02, 2008 and approved therein.

The company registered a 24.44% growth in net profit to Rs 83.00
million for the quarter ended December 2007 as compared with Rs
66.70 million for the corresponding quarter, last fiscal.
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