ISGEC Heavy Engineering Ltd is an Indian heavy engineering company. Established in 1933 as Sarswati industrial syndicate, company held a revenue of crore in 2018 with exports to approximate across 90 countries. It was ranked 329 in the 2018 listing, and 280 in the Fortune India 500 listing. It was also ranked at No. 198 in the Business Standard BS1000 companies list released in March 2012. The company deals with process equipment, EPC projects, inudustrial oilers, 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. In 2018, the company acquired 100% stake in Eagle Press & Equipment Co. Ltd., a Press manufacturing company in Windsor Canada.
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, the Company's manufacturing facilities have a shop floor area of over 55,000 square meters with manufacturing & testing facilities.
Export
Isgec products have been supplied to companies across 90 countries, many of whom have placed repeat orders to them. These include:
Amec Foster Wheeler North America Corp, USA for Circulating Fluidized Bed Combustion 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, Feed Water Heaters and Surface Condensers & Reheat Design of CFBC Boilers up to 100 MW
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 & NOx reduction processes by use of Urea or Ammonia
Fuel Tech Inc., USA for reduction of Particulate Matter emissions by use of Electrostatic Precipitators performance improvement technologies & NOx reduction processes by use of Urea or Ammonia
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
- 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% to 49%. - 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. - Isgec and TITAN Metal Fabricators create joint venture manufacturing operation. - Isgec Heavy Engineering has formed a joint venture with Italy-based Redecam Group SpA.
