Franklin Templeton Mutual Fund increased its stake in Elecon Engineering Company Limited from 1.56% to 1.65%, raising its shareholding from 3,494,727 to 3,706,586 shares. The value of its holding was ₹123.98 Cr as of March 2026.
A manufacturer of power transmission and material handling equipment serving industrial sectors across India and international markets. Elecon Engineering Company operates integrated foundry operations producing steel and non-ferrous metal components alongside its core equipment business. The company serves diverse industries requiring specialized heavy electrical and mechanical solutions for power generation, transmission, and logistics applications.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.
