ISGEC
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:
- ABB Group, Japan
- Siemens, Germany
- Foster Wheeler, China
- Sumitomo, Japan
- Foster Wheeler, USA
- Valeo, France
- GE Hydro, Canada
- Virginia Tech, USA
- Luk, Germany
- Wesfarmers Group, Australia
Strategic Partnerships[8]
- ADI System, Canada for Industrial Waste Water Treatment solutions
- 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 upto 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
- Claudius Peters, Germany for Clinker Coolers for the Cement industry
- 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)
- NEM Energy b.v. Netherlands for Drum Type Heat Recovery Steam Generators, Flue Gas Coolers, CO Boilers and Blast Furnace Gas Fired Boilers
- Neuson Hydrotec, Austria for Hot Working Press solution, Open Die Forging Presses, Forging Plants & Straightening Presses
- Partner Teknik, Turkey for Pyro Processing Units for the Cement industry
- Riley Power Inc., USA for Process Fired Heaters
- RWL Water, Israel for Industrial Waste Water Treatment solutions
- 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
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]
- ISO 9001:2008 Approval by Lloyd's Register of Quality Assurance[10][11]
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
- ↑ http://www.isgec.com/aboutus-history.asp?lk=ab2
- ↑ http://www.isgec.com/aboutus-shareholdings-pattern.asp?lk=ab9
- ↑ "ISGEC Heavy Engineering Share Price, NSE/BSE Live Stock Price & Company Profile". The Economic Times. Retrieved 13 May 2016.
- ↑ "ISGEC Heavy Engineering Ltd". The Times Of India.
- ↑ Business Standard Link
- ↑ From history page of company website
- ↑ From locations page of company website.
- ↑ From partnerships page of company website
- ↑ "Certification list". ISGEC. Retrieved 10 July 2011.
- ↑ "Web Release" (PDF). Retrieved 10 July 2011.
- ↑ "India infoline" (Press release). IIF. Retrieved 10 July 2011.
- ↑ Isgec, Hitachi form joint venture, The Hindu, 9 April 2012
- ↑ Isgec Amec Foster Wheeler for joint venture, Business Standard, 6 April 2015
- ↑ Isgec TITAN form joint venture, Business Standard, 26 June 2015
- ↑ Isgec Redecam form joint venture, Hindu Business Line, 2 February 2017