ISGEC
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| ISGEC Logo | |
| Public BSE: 533033 |
|
| Industry | Heavy equipment |
| Founded | 1933 [1] |
| Headquarters | Noida, India |
|
Key people
|
Aditya Puri, Managing Director [2] |
| Products | Process Equipment, EPC Power Plants, Boilers, Sugar Plants & Machinery, Mechanical & Hydraulic Presses, Steel & Iron Castings, Contract Manufacturing, and Trading. |
| ₹2400 crore, US$ 450 million | |
|
Number of employees
|
4000 |
| Parent | Isgec Heavy Engineering Ltd. |
| Slogan | ENGINEERING FOR EXCELLENCE |
| 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. 2434 crore multi-product, multi-location public company providing engineering products to customers across 76 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 Power Plants, Boilers, Sugar Plants & Machinery, Mechanical & Hydraulic Presses, Steel & Iron Castings, Contract Manufacturing, and Trading.
The major target sectors for the company are: Power, Oil & Gas, Automobiles, Fertilizers, Sugar and Defence. 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.
Contents
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.[citation needed] 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]
- Foster Wheeler, USA: License Agreement for PC Fired Boilers up to 1000 MW
- Foster Wheeler, Spain: Licensing Agreement for HP & LP Feedwater Heaters & Condensers
- Bosch Projects, South Africa: Technology Transfer for Chainless Cane Diffusers
- Foster Wheeler, USA: Collaboration Agreement for Power Plants up to 99.99 MWe
- Belleli, Italy: Technology Agreement for manufacture of Breech Lock Heat Exchangers
- ABB Lummus Heat Transfer, USA: Technology License Agreement for Helix Heat Exchangers
- Hitachi Zosen Corp., Japan: Technology Transfer Agreement for Chrome-Moly Vanadium Reactors
- Hitachi Zosen Corp., Japan: Agreement for Critical Heat Exchangers for Fertilizer industry
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]
- Isgec and TITAN Metal Fabricators create joint venture manufacturing operation.[13]
References
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<references />, or <references group="..." />- ↑ http://www.isgec.com/aboutus-history.asp?lk=ab2
- ↑ http://www.isgec.com/aboutus-shareholdings-pattern.asp?lk=ab9
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- ↑ Business Standard Link
- ↑ From history page of company website
- ↑ From locations page of company website.
- ↑ From partnerships page of company website
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- ↑ Isgec, Hitachi form joint venture, The Hindu, 9 April 2012
- ↑ Isgec TITAN form joint venture, Business Standard, 26 June 2015
