Announced Thu, 16 Jul · 15:09 IST
US tariff refund of US dollar 2.68M (about Rs 25.6 cr) for US arm
Business Updates View source PDF
ELGIEQUIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹571.20
prior close
₹579.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.6+0.6—+1.9+3.1+5.2+1.9+2.4+0.7————
Up moveDown movePending
AI summary
Elgi Equipments' fully owned US subsidiary Elgi Compressors USA INC has received a tariff refund of US dollar 2.68 million (about Rs 25.6 crores) from US Customs and Border Protection. The refund follows a US Supreme Court directive asking the US government to return excess tariffs it had collected from importers. The disclosure is filed under SEBI Regulation 30.
Likely market impact
Positive one-time cash inflow of about Rs 25.6 crores into US arm; mild support to overall financials, not recurring in nature.