BSE Scrip Code: 533033 | MCAP: 2000cr | CMP: 2706.30 (on 28-08-2014)


 Year History
1933 The Saraswati Sugar Syndicate Ltd. (now Isgec Heavy Engineering Ltd.) is established.
1946 Indian Sugar & General Engineering Corporation (Isgec Heavy Engineering Limited) is established to address the need for the Indian Capital Goods Industry.
1947 Isgec shifts Registered Office from Lahore, (undivided India) to Abdullapur (now Yamunanagar in Haryana, India).
1947 Saraswati Sugar Mills (SSM) is established at Yamunanagar.
1959 Agreement with John Thompson Ltd., UK for manufacture of Boilers.
1963 The Saraswati Sugar Syndicate Ltd. name changed to Saraswati Industrial Syndicate Ltd. (SIS Ltd.) and Isgec is amalgamated with SIS Ltd.
1964 Collaboration agreement with John Thompson Water Tube Boilers Ltd. for the manufacture of high pressure boilers having output in excess of 50 MW.
1964 First Ton Container is manufactured.
1965 Isgec John Thompson Ltd. (IJT) is formed for designing, supplying, erecting and providing after sales service of boilers.
1967 Licenses received for manufacture of Hydraulic Machinery in collaboration with John Shaw and Sons (Salford) Ltd., Salford Lancashire (UK).
1967 Presses Division is formed.
1968 Production of Hydraulic Presses is started with technical knowhow from John Shaw, UK.
1968 Presses Division executes first order of 25T Hydraulic Press supplied to Carbon Products, Calcutta.
1969 Items manufactured for the first time:
» Heavy Hydraulic Presses
» Variable Speed Rotators
» Large Traveling Grate Stoker
» Sophisticated and intricate Alloy Iron Castings
» Horton Sphere for the storage of Liquid Petroleum Gas
1970 Licenses received for manufacture of Plate Bending Rolls, Galvanizing Baths, Fabrication of High Pressure Piping and Heat Exchangers.
1974 License issued license for manufacture of Water Treatment Plant.
1981 Company acquires U.P. Steels – a steel plant set up by Kobe Steel Group, Japan at Muzaffarnagar (U.P.) India in 1966.
1985 Production of Mechanical Presses is started with technical knowhow from Rovetta Presse Spa, Italy.
1988 IJT forays into Fluidized Bed Combustion technology.
1995 Isgec, Yamunanagar receives ISO-9001 certification.
1995 Manufacture Ladle Turrets for the Continuous Caster of the Rourkela Steel Plant – a first for India.
1998 Licensing agreement for CFBC Boilers upto 60 MW with Foster Wheeler, USA.
1998 Licensing agreement with Belleli, Italy for the manufacturer of High Pressure Reactors for Oil Refineries and other Petrochemical Plants.
1999 Company Head Office shifts to Noida in Uttar Pradesh, India.
2001 Receive patent for Liquefied Gas Containers from Mexico.
2002 Receive patent for Liquefied Gas Containers from USA.
2004 Overseas offices open in Germany and USA.
2004 Receive second patent for Liquefied Gas Containers from USA.
2006 Technology License Agreement with ABB Lummus Heat Transfer, USA to market, sell and manufacture Helix Heat Exchangers (Helixchanger) products.
2007 IJT Design office starts at Chennai.
2007 Receive patents for Liquefied Gas Containers from India and China.
2007 Company turnover crosses Rs.1000 Crores
2008 New plant at Dahej, Gujarat in India commences production. Set up to manufacture heavier and bigger process plant equipment for the overseas market.
2008 Receive PIE certification, necessary for marketing Liquefied Gas Containers in Europe.
2008 Company is listed in Group B of the Bombay Stock Exchange.
2008 Collaboration agreement with Foster Wheeler, USA for CFBC Boilers enhanced to cover upto 99.99 MWe.
2009 New factory for Standard Presses is set up at Bawal, near Gurgaon (Haryana) India.
2009 Agreement with Hitachi Zosen, Japan for technology transfer for the manufacture of Chrome-Moly Vanadium Reactors and critical equipment for the Fertilizer sector.
2009 Company turnover crosses Rs.1500 Crores.
2010 Technology Agreement with Belleli, Italy for manufacture of Vessels with complex chemistries for Oil, Gas & Power sectors primarily for India.
2010 Licensing agreement with Foster Wheeler for technology transfer to engineer, design, manufacture and sell PC fired sub-critical and super-critical boilers for 60-1000 MW unit capacities.
2010 First barge operation by Isgec. Vessels exported to Algeria from jetty & port at Dahej.
2011 Company turnover crosses Rs.2000 Crores.
2011 IJT Design office is started at Pune.
2011 Largest Vessel (Coke Drums for installation at MRPL Refinery) manufactured at Dahej and dispatched by barge.
2011 Company name changes from Saraswati Industrial Syndicate Ltd. to Isgec Heavy Engineering Ltd. All businesses consolidated and now marketed under a common brand name – Isgec.
2012 Company turnover crosses Rs.2500 Crores.
2012 Company forms a new joint venture with Hitachi Zosen Corporation, Japan for manufacturing specialized and critical process equipment. Shareholding pattern: 51% (Isgec) to 49% (Hitachi Zosen Corp.).
2012 Company buys drawings and the brand Morando for manufacture of Vertical Turning Lathes (VTL) from an Italian Company.
2012 Company acquires technology to manufacture Electrostatic Precipitators (ESP) from a German company, Envirotherm GmbH.
2012 Company signs Technology Agreement with M/s. Belleli, Italy for the manufacture of Breech Lock Exchangers.
2012 Company signs Technology Agreement with Foster Wheeler of USA for the supply of design for Feed Water Heaters and Surface Condensers.




1 Power Sector 2 Oil & Gas Sector
* Power Plants * Process Equipment
EPC Power Plants Hydroprocessing Reactors
Cogeneration Power Plants Separators
* Boilers Coke Drums
TG / AFBC / CFBC / Oil & Gas Fired Boilers Large Columns & Towers
PC Fired Sub-Critical & Super-Critical Boilers upto 1000MW for Power Plants Shell and Tube Heat Exchangers
Process Equipment CCR Reactors
High Pressure Boiler Drums & Tubings EO/EG Reactors
Feedwater Heaters PP Reactors
Condensors SM Reactors
* Steel & Alloy Castings Gas to Liquid Reactors
For Steam & Hydro sectors Methanol Reactors
* Contract Manufacturing Methanol Convertors
Grinding Tables for Pulverisers Third & Fourth Stage Tertiary Separators
Pulveriser Parts * Boilers
Stator Frames & End Shields Oil & Gas Fired Boilers
Pedestals * Steel & Alloy Castings
Flood Gates Valves & Pump castings
Nozzle Deflectors
Turbine Base
Wind Boxes for PC Fired Boilers
3 Fertilizer Sector 4 Steel Sector
* Process Equipment * Steel & Alloy Castings
Ammonia Converters Equipment for Continuous Castors
Ammonia Converter Baskets Finishing Lines
Secondary Reformers Equipment for Rolling Mills
Unitized Chillers Equipment for Blast Furnaces
Transfer Lines * Contract Manufacturing
High Pressure Heat Exchangers Segments
Urea Reactors Coil Lines
Urea Strippers Ladles
Carbamate Condensers Ladle Turrets
Critical Heat Exchangers Material Hoppers
CO2 Absorber, Stripper, Regenerator De-watering Drums
HP / LP Flash Drum
6 Automobiles Sector
5 Cement Sector * Pressess
Mill Stands Fully Automated Press Lines, Tandem Presses, Transfer Presses, Servo Presses, ‘C’ Frame Presses
Iron Castings 7 Defence Sector
Steel & Alloy Castings Forming Presses for Bomb & Gun Shells, Armored Vehicles Chassis, Ship making etc.
8 Sugar Sector 9 Chemical Sector
Complete Cane Sugar Plants up to 24000 TCD Chlorine Containers
Cane Mills up to 2290 mm (90 inches) wide Cast Iron Castings
Process House Equipment
Bagasse and Biomass Boilers



Strategic Partnerships
* ABB Lummus Heat Transfer, USA: Technology License Agreement for Helix Heat Exchangers
* Belleli, Italy: Technology Agreement for manufacture of Breech Lock Heat Exchangers
* Bosch Projects, South Africa: Technology Transfer for Chainless Cane Diffusers
* Envirotherm GmbH, Germany: License & Cooperation Agreement for Design, Engineering, Manufacturing and
* Commissioning of ESPs up to 1000 MW
* Foster Wheeler, Spain: Licensing Agreement for HP & LP Feedwater Heaters & Condensers
* Foster Wheeler, USA: License Agreement for PC Fired Boilers up to 1000 MW
* Foster Wheeler, USA: Collaboration Agreement for CFBC Boilers up to 99.99 MWe and Oil &
* Gas Fired Package Boiler up to 260 TPH
* Hitachi Zosen Corp., Japan: Technology Transfer Agreement for Chrome-Moly Vanadium Reactors
* Hitachi Zosen Corp., Japan: Agreement for Critical Heat Exchangers for Fertilizer industry
* Hitachi Zosen Corp., Japan: Collaboration agreement for setting up Energy From Waste Power Plants,
* utilizing Municipal Solid Waste as fuel, on EPC basis
* NEM Energy B. V., Netherlands: License Agreement for Heat Recovery Steam Generators (HRSGs)



Shareholding Pattern


Mar-14 Dec-13 Sep-13 Jun-13 Mar-13
Promoter and Promoter Group 62.14% 62.06% 61.98% 61.81% 61.76%
Indian 62.14% 62.06% 61.98% 61.81% 61.76%
Public 37.86% 37.94% 38.02% 38.19% 38.24%
Institutions 0.05% 0.05% 0.05% 0.05% 0.05%
DII 0.05% 0.05% 0.05% 0.05% 0.05%
Non Institutions 37.81% 37.89% 37.97% 38.14% 38.19%
Bodies Corporate 9.50% 8.98% 9.06% 9.07% 9.12%
Total 73,52,951 73,69,540 73,69,540 73,69,540 73,69,540


Sr. No. Promoter and Promoter Group
Name of the Shareholder
As on Mar-2014 As on Dec-2013 As on Sep-2013 As on Jun-2013 As on Mar-2013
No. of Shares As a % of grand total No. of Shares As a % of grand total No. of Shares As a % of grand total No. of Shares As a % of grand total No. of Shares As a % of grand total
1 Ranjit Puri 6,59,201 8.97 6,59,201 8.94 6,59,201 8.94 6,59,201 8.94 6,59,201 8.94
2 Aditya Puri 4,56,808 6.21 4,56,808 6.20 4,56,808 6.20 4,56,808 6.20 4,56,808 6.20
3 Nina Puri 15953.00 0.22 15953.00 0.22 15953.00 0.22 15953.00 0.22 15953.00 0.22
4 Yamuna Syndicate Ltd 32,97,446 44.85 33,01,953 44.81 33,00,019 44.78 32,95,852 44.72 32,93,528 44.69
5 N.A. Cold Storage Pvt Ltd 1,39,377 1.90 1,39,377 1.89 1,35,732 1.84 1,27,146 1.73 1,25,622 1.70
Total 45,68,785 62.14 45,73,292 62.06 45,67,713 61.98 45,54,960 61.81 45,51,112 61.76