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Escorts appoints Nikhil Nanda as new CMD

The Board of Directors of Escorts Limited appointed Nikhil Nanda as the Chairman and Managing Director (CMD) of the company.

Escorts posts over 91 per cent profit growth

Escorts reported a profit of Rs 160.4 crore in the year ended March 2017, up by 91.6 per cent as against a profit of Rs 83.2 crore in the previous fiscal. During the period, tractor sales were up by 24 per cent at 63,786 tractors as against 51,455 tractors in the previous fiscal. Construction equipment volume went up by 29.6 per cent at 3,315 units as against 2,555 units in the previous fiscal.

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