Elgi Equipments Updates Timeline for Global Support Center Capacity Expansion
Elgi Equipments Ltd. has provided an update regarding the expansion plan for its Global Support Center (GSC) manufacturing facilities located in Kinathukadavu, Coimbatore. The company announced that the planned capacity addition for the GSC is now expected to be integrated into the third quarter (Q3) of Fiscal Year 2026-27, a revision from the initially communicated timeframe of Q1 FY 2026-27.This adjustment in the schedule follows an initial project announcement concerning necessary infrastructure expansion at the Coimbatore facility. The delay is attributed to the additional time required for the commissioning, testing, and stabilization of the automation equipment crucial to the capacity enhancement.
The company confirmed that this revised timeline does not have any impact on its revenue streams, maintaining stability despite the production schedule modification.
ELGIEQUIP Stock Price Movement
As of 3:24 PM, shares of Elgi Equipments Limited are slipping by 1.59% in live trading, currently priced at ₹576.75. The stock traded a volume of 152,798 shares during the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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