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Elgi sees faster recovery in firm’s markets

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Air compressor producer Elgi Equipments expects home and worldwide markets to have equal contribution to its enterprise in the second half of the monetary yr.

Managing director Jairam Varadaraj advised The Hindu that the COVID-19 affect was not as deep as anticipated and recovery was faster in each home and worldwide markets.

The firm’s consolidated gross sales for the second quarter was ₹480 crore in FY21 as in opposition to ₹445 crore in the corresponding quarter final yr.

Elgi won’t have a look at acquisitions now however will proceed to make the required investments, Mr. Varadaraj added.

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