ISGEC

ISGEC Heavy Engineering Ltd (formerly known as Indian Sugar and General Engineering Corporation) is an Indian heavy engineering company. Established in 1933 as Sarswati industrial syndicate, company held a revenue of ₹3,204 crore (US$450 million) crore in 2018 with exports to approximate across 90 countries. It was ranked 329 in the 2018[3] listing,[4] and 280 in the Fortune India 500 listing.[5][6] It was also ranked at No. 198 (Standalone net sales rank) in the Business Standard BS1000 companies list released in March 2012.[7]

Isgec Heavy Engineering Ltd.
TypePublic
BSE: 533033
IndustryHeavy equipment
Founded1933 [1]
HeadquartersNoida, India
Key people
Aditya Puri, Managing Director [2]
ProductsProcess Equipment, EPC Projects, Boilers, Sugar Plants & Machinery, Mechanical & Hydraulic Presses, Steel & Iron Castings, Air Pollution Control Equipment and Contract Manufacturing.
₹5,000 crore (US$700 million)
Number of employees
4000
ParentIsgec Heavy Engineering Ltd.
Websitewww.isgec.com

The company deals with process equipment, EPC projects, industrial boilers, sugar plant Machinery, mechanical & Hydraulic industrial presses, steel & iron castings, air pollution control equipment and contract manufacturing.

The company has its manufacturing plants and design offices spread across India in Haryana, Uttar Pradesh, Gujarat, Tamil Nadu and Maharashtra.

History

Isgec has its origins in the Saraswati Sugar Mills, which were established in 1933, with a sugarcane crushing capacity of 400 Tonnes per day. It has grown into one of India's largest sugar mills and now crushes 13,000 Tonnes per day. It is today a subsidiary company. At the time of the nation's independence, the need for an Indian capital goods industry was recognized and Isgec was established in 1946. The initial activity was the manufacture of spares for sugar mills. In the course of its history, the company diversified into a range of engineering products. In 1964 it established a joint venture with John Thompson of the UK to form Isgec John Thompson. In 1981, it acquired majority shares in Uttar Pradesh Steels. Both units were subsequently absorbed into the parent company. In 2011, the company name was changed from Saraswati Industrial Syndicate Ltd. to Isgec Heavy Engineering Ltd. with all businesses consolidated and now marketed under a common brand name – Isgec.[8]

In 2018, the company acquired 100% stake in Eagle Press & Equipment Co. Ltd., a Press manufacturing company in Windsor (Ontario) Canada.[9]

Operations

Isgec has its manufacturing operations across Yamunanagar, Dahej, Bawal & Muzaffarnagar, with offices in Noida, Pune, Chennai, Mumbai & Kolkata in India. Spread over 100 Hec tares (250 acres), the Company's manufacturing facilities have a shop floor area of over 55,000 square meters (66,400 square yards) with manufacturing & testing facilities.[10]

Export

Isgec products have been supplied to companies across 90 countries, many of whom have placed repeat orders to them. These include:

Strategic Partnerships[11]
  • Amec Foster Wheeler North America Corp, USA for Circulating Fluidized Bed Combustion (CFBC) Boilers up to 99.9 Mwe, Oil & Gas, Shop Assembled Water Tube Packaged Boilers up to 260 Tonnes per hour, Pulverized Coal Fired Sub-Critical Boilers and Super-Critical Boilers (60 to 1000 Mwe), Feed Water Heaters and Surface Condensers & Reheat Design of CFBC Boilers up to 100 MW
  • AP&T, Sweden for Press Hardening Lines used for forming of High Strength Steel Automobile Body Parts
  • Babcock Power Environmental Inc, USA for SOx reduction process by use of Wet Flue Gas Desulfurization (FGD) Units
  • BOSCH Projects, South Africa for Chainless Cane Diffusers and other Sugar Machinery equipment
  • CB&I Technology Inc., USA for Helix Heat Exchangers
  • Envirotherm GmbH, Germany for reduction of Particulate Matter emissions by use of Electrostatic Precipitators performance improvement technologies (especially Flue Gas Conditioning) & NOx reduction processes by use of Urea or Ammonia (SNCR)
  • Fuel Tech Inc., USA for reduction of Particulate Matter emissions by use of Electrostatic Precipitators performance improvement technologies (especially Flue Gas Conditioning) & NOx reduction processes by use of Urea or Ammonia (SNCR)
  • Siemens Heat Transfer Technology b.v. Netherlands for Drum Type Heat Recovery Steam Generators, Flue Gas Coolers, CO Boilers and Blast Furnace Gas Fired Boilers
  • Riley Power Inc., USA for Process Fired Heaters
  • Taim Weser, Spain for Material Handling Equipment (Stackers, Reclaimers, Stacker-Reclaimers, Ship-Loaders, Truck/Train Loading Systems, Ship Un-Loaders and Belt Conveying Systems) and Bulk Material Handling Systems.
  • Thermal Engineering International (TEi), USA for Screw Plug (Breech Lock) Heat Exchangers & Waste Heat Recovery through Process Waste Heat Boilers, Sulphur Condensers and Solar Thermal Heat Exchangers

Quality, Safety and Environment

Over a period of eight decades, ISGEC has been accredited by various standards organisations:[12]

Joint Ventures

- Isgec Heavy Engineering Limited, India and Hitachi Zosen Corporation, Japan have a joint venture - Isgec Hitachi Zosen Ltd. - for manufacturing specialized and critical process equipment. The new company has a shareholding pattern of 51% (Isgec) to 49% (Hitachi Zosen Corp.).[15]

- A Joint Venture Company along with Amec Foster Wheeler North America Corp., U.S.A has been incorporated in the name of "Isgec Foster Wheeler Boilers" with a paid up capital of Rupees Two crore only.[16]

- Isgec and TITAN Metal Fabricators create joint venture manufacturing operation.[17]

- Isgec Heavy Engineering has formed a joint venture with Italy-based Redecam Group SpA.[18]

References
  1. http://www.isgec.com/aboutus-history.asp?lk=ab2
  2. http://www.isgec.com/aboutus-shareholdings-pattern.asp?lk=ab9
  3. "ET".
  4. "ISGEC Heavy Engineering Share Price, NSE/BSE Live Stock Price & Company Profile". The Economic Times. Retrieved 13 May 2016.
  5. "Fortune India 500 listing".
  6. "ISGEC Heavy Engineering Ltd". The Times Of India.
  7. Business Standard Link
  8. From history page of company website
  9. Business Standard
  10. From locations page of company website.
  11. From partnerships page of company website
  12. "Certification list". ISGEC. Retrieved 10 July 2011.
  13. "Web Release" (PDF). Retrieved 10 July 2011.
  14. "India infoline" (Press release). IIF. Retrieved 10 July 2011.
  15. Isgec, Hitachi form joint venture, The Hindu, 9 April 2012
  16. Isgec Amec Foster Wheeler for joint venture, Business Standard, 6 April 2015
  17. Isgec TITAN form joint venture, Business Standard, 26 June 2015
  18. Isgec Redecam form joint venture, Hindu Business Line, 2 February 2017
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