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ISGEC Heavy Engineering Ltd.

BSE: 533033 Sector: Engineering
NSE: SARASIND ISIN Code: INE858B01029
BSE 13:23 | 23 Sep 260.70 1.45
(0.56%)
OPEN

262.00

HIGH

266.00

LOW

259.00

NSE 05:30 | 01 Jan ISGEC Heavy Engineering Ltd
OPEN 262.00
PREVIOUS CLOSE 259.25
VOLUME 7449
52-Week high 442.00
52-Week low 205.05
P/E 12.84
Mkt Cap.(Rs cr) 1,916
Buy Price 259.60
Buy Qty 3.00
Sell Price 260.95
Sell Qty 10.00
OPEN 262.00
CLOSE 259.25
VOLUME 7449
52-Week high 442.00
52-Week low 205.05
P/E 12.84
Mkt Cap.(Rs cr) 1,916
Buy Price 259.60
Buy Qty 3.00
Sell Price 260.95
Sell Qty 10.00

ISGEC Heavy Engineering Ltd. (SARASIND) - Company History

ISGEC Heavy Engineering Limited is a heavy engineering company engaged in the manufacture of process plant equipment mechanical and hydraulic presses alloy steel and ferrous castings containers contract manufacturing and execution of projects for setting up boilers sugar plants power plants and air pollution control equipment for customers in India and abroad.The company had undertaken the expansion of the Titawi sugar factory and the Mawana sugar factory. In 1995 the company's Indian Sugar and General Engineering Corporation (ISGEC) was awarded the ISO 9001 certification by Lloyds Register of Quality Assurance UK.In 1993 the company's subsidiary -- ISGEC Covema Plastics was granted a letter of intent for setting up a 2500 tpa sugar plant at Kamoda in the Kurukshetra district of Haryana. The company exports to the UK south-east Asian countries and to the eastern parts of Africa west Asia and to the neighbouring countries. The company recently started exporting to Cambodia and Australia also.During 1998-99 the company has signed a collaboration agreement with an Italian Company Belleli for manufacture of High Pressure Reactors used in the fertiliser and refinery industries.Two major Press Lines were supplied to Krupp JBM Pvt.Ltd. during 1999-2000 which was a major achievement for the company as these were supplied in a record period of time. The company also supplied a high pressure and sophisticated Reactor to the Indian Oil Corporation the order of which was booked by our Italian collaborator but the fabrication was done in the company's shops. An agreement with M/s Foster Wheeler USA for transfer of latest Circulating Fluidized Bed Boilers technology was signed in 2000-01.The company has got exports orders for Cupro Nickel and Chrome Ferrite Stainless Steel Heat Exchanges. During the year-ended 31stMarch 2015 the Company acquired the entire share capital of Free Look Software Private Limited. This Company owned a plot of land in Noida.In FY 2016 the Company completed a project consisting of Sugar Plant of 3500 tonnes Per Day capacity and 15 Mega Watt Co-generation Plant on a turnkey basis including civil work. In FY 2016 the company entered into a Collaboration Agreement with Neuson Hydrotec GmbH GaisbergerstraBe 52 4030 Linz Austria for manufacture and sale of Nosing Press Plant Forging Plant Forging Complex Press and Straightening Press.In FY 2016 the Company successfully manufactured Low Pressure and Medium Pressure Decomposers for the Fertilizer Industry. In addition the Company for the first time supplied Chain Type Heat Exchangers for a Fertilizer Plant and also Low Pressure Heaters for the Nuclear Power Corporation of India Limited.In FY 2016 the Company successfully completed four Complete Sugar Plants and seven Modernization and Expansion Projects.In FY 2016 the Company successfully manufactured Low Pressure and Medium Pressure Decomposers for the Fertilizer Industry. In addition the Company for the first time supplied Chain Type Heat Exchangers for a Fertilizer Plant and also Low Pressure Heaters for the Nuclear Power Corporation of India Limited.During the year 2016 ISGEC Hitachi Zosen Limited (IHZL) the Joint Venture Company successfully supplied critical equipment such as Ammonia Converter as per Haldor Topsoe Process for a Refinery Condenser for the Fertilizer Industry and Hydro Processing Reactor as per CLG (Chevron Lummus Global) Process for the Petroleum Industry.During FY 2017 the Tubing and Piping Division received approvals to become a supplier for projects of NTPC EIL and other reputed Indian and International customers. The division also obtained ASME 'PP' certification and received orders for execution with 'PP' stamping.During the FY 2017 the liquefied gas container division successfully developed and tested new models of Containers for new generation of Refrigerant Gases.

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