The Vallabh Vidhyanagar-based Elecon Engineering Company is likely to foray
into mineral beneficiation segment at an estimated investment of Rs 100 crore.
Currently, the company is in talks with few overseas players for the
technology to convert minerals into metals. Elecon may either acquire technology
or form a JV with some player already operating in this sector.
Meanwhile, the company is also planning to set up a golf course project in
central Gujarat with an investment of Rs. 400 crore. Presently, land acquisition
is going on. The company is also in talks with domestic golf course developers
and planners for implementing the project.