What to Watch. Eimco Elecon: Will tie-up with US company pay?

Eimco Elecon (India) has entered into a technology & license agreement with CZM USA Corp for design, manufacture and sale of drilling rigs for a term of 10 years, in various countries except America. The company is expected to benefit by expanding into a new line of products, generally used in the construction sector, over the long term. Eimco Elecon had reported a profit of ₹3.54 crore on revenues of ₹33.63 crore for the quarter ended June 2018 of FY19.