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Escorts consolidated profit up by 165%

By Swati Deshpande,

Added 18 May 2018

Profit of ₹ 346.6 crore in year 2017-18

According to Nikhil Nanda, Managing Director, Escorts Ltd, "We are in a continuous process to innovate and bring new and advance technology including electric and autonomous capabilities in our much-focused agriculture, urban smart infrastructure and safe railway transport segments. We have been successfully bringing in new initiatives and process efficiencies with better cost compression, better margins & strengthened customer connect. Our expanded product portfolio and technology upgrades has been expanding our International presence and domestic thought leadership. Our major thrust today is to integrate global best practices, imbibe and innovate futuristic techniques and product standards to address food security and mechanised infrastructure. Our massive transformative purpose of ‘Nation Matters' will drive our efforts to further strengthen our customer touchpoints through digital capabilities, inspire global set-ups with our indigenous innovations and value driven offerings.

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