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Escorts Group News

Escorts Announces Senior Appointments in Group Companies

Kamal Bali joins as CEO, Escorts Construction Equipment Limited (ECEL) and Inderjit Singh as Head-Knowledge Management Center of Agri Machinery Group (AMG)

Darby’s Second Asia Mezzanine Fund makes Investment in Escorts Construction Equipment Ltd.

New Delhi, March 26, 2007: Darby Overseas Investments, Ltd. ("Darby"), the private equity arm of Franklin Templeton Investments and a leading provider of private equity and mezzanine capital in emerging markets has committed an investment of Rs 750 million through an affiliate of its Darby Asia Mezzanine Fund II ("DAMF II") in Escorts Construction Equipment Ltd. ("ECEL"), the wholly owned subsidiary of Escorts and a leading manufacturer of construction and material handling equipment.

Escorts Re-Energising Gains Further Momentum

New Delhi, January 16, 2007: The re- energising story of Escorts continued unabated in Q1 with a remarkable turnaround in financial performance for the first quarter ended (FY October 06- September 2007) with a sharp rise in Sales volumes and the attendant positive EBIDTA.

Resurgence at Escorts Ltd

Tractor sales volumes at 47,612 up 83% on previous year annualised basis

Escorts Limited Divests Stake in Carraro India Limited for Euro 20 Million

New Delhi, 15th September 2006: Escorts Limited has signed an agreement with Carraro International S.A., a group company of Carraro S.p.A. to divest its 49% shareholding in Carraro India Limited, a joint venture between Escorts Limited and Carraro S.p.A. This divestment in turn would help Escorts Limited realize Euro 20 million at the current rate of exchange.

Escorts Ltd. sets up Rs. 25 Crores facility in Uttaranchal for manufacture of Auto Components and Railway Equipment

New Delhi, 13th September 2006: Escorts Limited a leading manufacturer and supplier of Agri Machinery Products, Auto Suspension, Ancillary Products and Railway Equipment is setting up a manufacturing facility, with an investment of Rs.25 crores, at Integrated Industrial Estate, Pantnagar, Uttaranchal. It will manufacture auto components and railway equipment and add to its existing product portfolio.

Darby’s Second Asia Mezzanine Fund makes Investment in Escorts Construction Equipment Ltd.

Infusion of Rs.750 million to meet Escorts’ ambitious growth plans in its construction equipment business

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