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ISGEC Heavy Engineering Ltd.

BSE: 533033 Sector: Engineering
NSE: SARASIND ISIN Code: INE858B01011
BSE 00:00 | 22 Mar 5522.50 46.50
(0.85%)
OPEN

5540.00

HIGH

5578.00

LOW

5480.00

NSE 05:30 | 01 Jan ISGEC Heavy Engineering Ltd
OPEN 5540.00
PREVIOUS CLOSE 5476.00
VOLUME 1718
52-Week high 7139.90
52-Week low 4627.00
P/E 32.83
Mkt Cap.(Rs cr) 4,059
Buy Price 5525.00
Buy Qty 15.00
Sell Price 5549.00
Sell Qty 1.00
OPEN 5540.00
CLOSE 5476.00
VOLUME 1718
52-Week high 7139.90
52-Week low 4627.00
P/E 32.83
Mkt Cap.(Rs cr) 4,059
Buy Price 5525.00
Buy Qty 15.00
Sell Price 5549.00
Sell Qty 1.00

ISGEC Heavy Engineering Ltd. (SARASIND) - Company History

A multi-product, multi-division and multi-location company, The Saraswati Industrial Syndicate manufactures crystal sugar, sugar plants, ingots and steel castings, pressure vessels and fabricates specialised items and hydraulic presses. 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.