Isgec Heavy Engineering Limited
ISGEC Heavy Engineering Ltd is a diversified heavy engineering company engaged in manufacturing and project business with an extensive global presence. It manufactures process plant equipment, presses, Iron & Steel castings & Boiler pressure parts.It also undertakes turnkey projects for setting-up boilers, power plants, sugar plants, distilleries, factories and others. It also has strengths in the business of…
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ISGEC sold 25% stake (5 lakh shares) in its JV, Isgec SFW Boilers, to partner Sumitomo. This reduces ISGEC's holding to 26%, changing the JV from a subsidiary to an associate. Consideration was Rs 4 Cr. The JV contributed 0.18% of turnover and 0.29% of net worth in FY25.
ISGEC plans a Rs. 25 Cr capacity expansion for its Steel Castings division, adding 1100 MT/annum by June 2027. This move, funded by internal accruals, aims to capitalize on expected growth in the steel castings business.
ISGEC Heavy Engineering sold 25% stake in its JV, Isgec SFW Boilers, to partner Sumitomo SHI FW Energia OY for Rs. 4 Cr. This reduces ISGEC's holding to 26%, transforming the JV from a subsidiary into an associate company.
ISGEC has partnered with Nigeria's National Sugar Development Council via an MOU. This collaboration provides technical support for developing sugar plants, aiming to unlock new business opportunities and enhance ISGEC's presence across the African sugar industry.
ISGEC will add 6,000 Metric Tons/annum capacity for Skids & Modules, investing Rs. 87 Cr from internal accruals over 2.5 years. This expansion anticipates business growth and establishes a dedicated facility, enhancing focus and efficiency.