CURRENT AFFAIRS

Detailed explanation-1: -Air-compressor maker Elgi Equipments today announced that it has acquired a 100 per cent shareholding of Sydney-headquartered F R Pulford and Son Pty Ltd for 11.04 million (Australian Dollars), about Rs 56 crore, in an “all cash deal.”

Detailed explanation-2: -Today, Elgi Equipments Limited is a global air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. For nearly 30 years, Dr. Varadaraj has led and guided the organisation’s business interests and serves as the Managing Director of Elgi Equipments Ltd.

Detailed explanation-3: -Dr. Varadaraj is a third-generation entrepreneur from the illustrious business family of LRG Naidu. For nearly 30 years, Dr. Varadaraj has led and guided the organisation’s business interests in textiles, polymers, mechanical machines and consumer appliances.

Detailed explanation-4: -Elgi Equipments Limited (EEL) is engaged in manufacture trading of air compressors and providing after sales services. The Company has manufacturing plants in different locations in India.

Detailed explanation-5: -Peerless have the largest range of air compressors in the Australian market today because Peerless is a manufacture of air compressors we can manufacture and design a compressor to meet your requirements.