You are here: Home » News-CM » Companies » News
Business Standard

Escorts Construction Equipment Segment sells 189 machines in April 2021

Capital Market 

Escorts Construction Equipment Segment (ECE) in April 2021 sold 189 machines registering a growth of 2600 percent against 7 machines sold in April 2020.

The Industry was majorly impacted due to the massive surge in coronavirus infection all across the country.

Due to the shortage of certain critical items, including industrial oxygen, the production was also adversely affected during the month. The situation is, however, likely to improve with accelerated vaccination program and other measures being adopted by the Government in the near term.

Given the Government thrust on monetization through disinvestment and the huge projects under National Infrastructure Pipeline (NIP), the company expects the industry to show stronger recovery going forward.

April 2020 sales was adversely affected by the Covid-19 lockdown and are not strictly comparable

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, May 01 2021. 11:19 IST