Elecon Engineering Company Limited strengthened its business during the pandemic. The company underwent transformational changes, identified focus areas of improvement, and implemented various steps. During the past two years, Elecon significantly reduced its debts, and is now debt-free in the FY22-23. Working capital improvement in inventory, receivables, etc. pursuing only those businesses that yield profit while closing some legacy EPC projects that could not scale growth have been some key strategic initiatives that the company adopted in order to consistently perform and give excellent dividends to its happy community of shareholders.