ISGEC

Isgec Heavy Engineering Ltd.
Public
BSE: 533033
Industry Heavy equipment
Founded

1933

[1]
Headquarters Noida, India
Key people

Aditya Puri, Managing Director

[2]
Products Process Equipment, EPC Projects, Boilers, Sugar Plants & Machinery, Mechanical & Hydraulic Presses, Steel & Iron Castings, Contract Manufacturing, Air Pollution Control Equipment and Metal Cutting Machinery.
₹3204 crore, US$ 500 million
Number of employees
 4000
Parent Isgec Heavy Engineering Ltd.
Website www.isgec.com

Isgec Heavy Engineering Ltd is a diversified global engineering company based in India. Established in 1933, Isgec Heavy Engineering Limited is a Rs. 3204 crore multi-product, multi-location public company providing engineering products to customers across 90 countries. It is ranked 282 in the 2012 ET500 listing,[3] and 329 in the Fortune India 500 listing.[4] It is also ranked at No. 198 (Standalone net sales rank) in the Business Standard BS1000 companies list released in March 2012.[5]

The company has the following business units - Process Equipment, EPC Projects, Boilers, Sugar Plants & Machinery, Mechanical & Hydraulic Presses, Steel & Iron Castings, Contract Manufacturing, Air Pollution Control Equipment and Metal Cutting Machinery.

The major target sectors for the company are Power, Oil & Gas, Fertilizer, Steel, Cement, Automobiles, Defence, Sugar & Chemical. With a team of over 4000 employees, including 700 qualified engineers and over 450 designers, 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.[6]

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.[7]

Export

Isgec products have been supplied to companies across 74 countries, many of whom have placed repeat orders to them. These include:

Strategic Partnerships[8]


International Centres

Isgec has international offices in North America (California, USA) and Germany (Düsseldorf).

Quality, Safety and Environment

Over a period of eight decades, ISGEC has been accredited by various standards organisations:[9]

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.).[12]

- 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.[13]

- Isgec and TITAN Metal Fabricators create joint venture manufacturing operation.[14]

- Isgec Heavy Engineering has formed a joint venture with Italy-based Redecam Group SpA.[15]


References

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