ISGEC

Isgec Heavy Engineering Ltd.

Type	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, Air Pollution Control Equipment and Contract Manufacturing.
Net income	₹3204 crore, US$ 500 million
Number of employees	3000
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 279 in the 2017 ET500 listing,^[3] and 280 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, Air Pollution Control Equipment and Contract Manufacturing.

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 90 countries, many of whom have placed repeat orders to them. These include:

• ABB Group, Switzerland
• 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]

• 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:^[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