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Coimbatore, December 20, 2019:
ELGi Equipments, a global air compressor manufacturer, in its second edition of the ‘State of the Future Art’ Technology Day, saw participation from over 200 employees, the academia, students from over 20 engineering colleges across India and industry thought leaders.
This year, the global technology centre reflected on the company’s energy efficient and sustainable compressed air products, debuted globally over the last one year, while gazing towards the exciting future.
Dr Jairam Varadaraj, Managing Director, Elgi Equipments, said, “At Elgi, we place a great deal of importance on building compressed air solutions that help organisations lower energy consumption and operating costs, while achieving their productivity goals. Today, global climate change is an alarming reality and we’re striving to make a difference by ensuring organizations reduce both energy dependence and emissions, resulting in minimal impact to the environment.”
“The ‘State of the Future Art’ is an ELGi signature initiative aimed at identifying and developing advanced technology while nurturing innovation. With this objective we’re delighted to have created a platform that not just brings students, the academia, industry thought leaders and our employees together, but encourages active ideation and game-changing creativity with a view to developing products for the future,” added Varadaraj.
The Technology Day displayed engineering advances in product development by the ELGi Global Technology Centre.
S. Rajasekaran, Chairman, Department of Orthopaedic & Spine Surgery, Ganga Hospital, Coimbatore, who is responsible for revolutionising the field of medicine through innovation and Dr Robert Ian Taylor, Technology Manager, Shell Global Solutions, a pioneer in future technology scouting and lubricants discovery, addressed the audience, highlighting how innovation paves the way for an organizations’ performance and success.
In line with company’s focus on futuristic innovation, a companywide technology ideation contest was rolled out globally, earlier this year. The same has witnessed overwhelming participation from employees across the globe, paving the way for developing compressed air solutions that are both energy efficient and sustainability enabling. Engineering students from over 20 colleges were invited to author papers on ‘Energy efficiency and creating a greener environment’.
ELGi employees have been working on similar paper presentations for the past few months. The winners were felicitated at the event.
The company, on a consolidated basis posted a PAT of Rs 947 million for the quarter, compared to a PAT of Rs 913 million in the same period in 2023-2024, representing a growth of 4%.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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