ELGi Equipments Launches New Products to Compete with Chinese Imports

To improve market share vis-a-vis Chinese imports, ELGi Equipments has launched a new range of discount screw compressors, catering to the lower kW segment. This move aims to capture its share into the ₹2 billion market cluster, traditionally dominated by Chinese manufacturers. In spite of a slight 3.1% growth in sales with a 165bp drop in EBITDA margins to 14.1%, ELGi remains optimistic that this will improve its competitiveness and put it on a growth track going forward. 

 

Source: Moneycontrol