Isgec Heavy Engineering (Isgec) (formerly known as Saraswati Sugar Syndicate) is a diversified heavy engineering company engaged in manufacturing and project businesses with an extensive global presence. Over the years, it had provided state-of-the-art, sustainable engineering solutions, to its customers & such projects spread across several countries. Isgec manufactures among other Process Equipment, Presses, Iron & Steel Castings, and Boiler Pressure Parts. Isgec’s portfolio includes turnkey projects for setting up Air Pollution Control Equipment, Boilers, Power Plants, Sugar Plants, Distilleries, Factories, Industrial Water Treatment Facilities and Material Handling Facilities. Isgec possesses strengths in Construction and to address requirements of a wide spectrum of industries in power, fertilizer, sugar, oil & gas, petrochemicals, steel, cement, chemicals, railways, mines, and ports. The company has number of joint ventures as well as strategic technology partnerships with leading global entities.

Business area of the company

The company is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for over the years. The company’s business areas include Process Equipment, EPC Projects, Boilers, Sugar Plants & Distilleries, Presses, Steel Castings, Iron Castings, Air Pollution Control Equipment, Contract Manufacturing, and Liquified Gas Containers.

Milestones

• 1993: Founded as Saraswati Sugar Syndicate Limited.
• 1946: Commenced the manufacturing of engineering goods.
• 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: Established Isgec John Thompson Ltd. (IJT) for manufacturing Industrial 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 for manufacture of Water Treatment Plant.
• 1977: Listed on the Delhi Stock Exchange.
• 1981: Acquired a steel castings unit in Muzaffarnagar, Uttar Pradesh.
• 1985: Entered into a technology transfer agreement with Rovetta Presse Spa, Italy for manufacturing mechanical presses.
• 1988: Isgec John Thompson Ltd. (IJT) signed a technology tie-up with Pyropower of A. Ahlstrom Corporation for Fluidized Bed Combustion (CBFC) boilers.
• 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: Signed licensing agreement with Amec Foster Wheeler North America Corp. for Circulating Fluidised Bed Combustion (CFBC) Boilers up to 60 MW.
• 1998: Signed licensing agreement with Belleli, Italy for the manufacturing of high-pressure reactors used in oil refineries and 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.
• 2005: Isgec logo undergoes a change so as to make the lettering more legible and the font more in line with modern times.
• 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: Group Turnover surpassed Rs 1000 crore.
• 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: Listed on the Bombay Stock Exchange.
• 2008: Set up Dahej plant in Gujarat for large Process Equipment.
• 2009: Bawal Plant was established to manufacture standard presses.
• 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: Group turnover exceeded Rs 2,000 crore.
• 2012: Formed a joint venture with Hitachi Zosen, Japan, to manufacture critical process equipment.
• 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 Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.) 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: Isgec logo undergoes a minor change. The transition from fixed triangles in the logo to a more fluid and open format represent the growing dynamism in the company.
• 2011: Company turnover crosses Rs 2000 crore.
• 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.
• 2011: Process Equipment business vertical receives 'N' and 'NPT' stamps from ASME for manufacture of equipment for Nuclear Plants.
• 2012: Group turnover crossed Rs 3,000 crore.
• 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 Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.) for the supply of design for Feed Water Heaters and Surface Condensers.
• 2013: Boilers business vertical commissions its largest CFBC Boiler of 425 TPH (110 Mwe) for a Steel Plant.
• 2013: Steel Casting business vertical becomes the first Indian Foundry to develop Crushing Shell Castings for Mining & Mineral Processing Industry.
• 2013: Joint Venture - Isgec Hitachi Zosen Ltd. - dispatches first Vessel manufactured by it.
• 2014: Boilers business vertical ventures into new products such as Heat Recovery Steam Generators, Waste Heat Recovery Boilers and Pin Hole Grate Boilers.
• 2014: Sugar Plants & Machinery business vertical successfully commissions its largest Sugar Mill - 1150 mm x 2290 mm (45' x 90').
• 2014: Sugar Plants & Machinery business vertical successfully commissions first sugar refinery.
• 2014: EPC Power Plant business vertical secures its first order for Waste to Energy Power Plant Project, in consortium with Hitachi Zosen Limited, Japan.
• 2015: Entered into strategic joint venture with Sumitomo SHI FW Energia, Finland (formerly known as Foster Wheeler) for engineering boilers.
• 2015: Entered into strategic joint venture with TITAN Metal Fabricators, USA, for manufacturing reactive metal and high nickel process plant equipment.
• 2015: Entered into strategic joint venture with Redecam, Italy, for bag filters and non-fossil fuel ESPs.
• 2016: Company forms a new Joint Venture with Redecam, Italy for marketing, selling, designing, manufacturing, testing & commissioning in India & other territories, of Bag Filters & Hybrid Filter for all industries except Food; ESPs (excluding for Fossil Fuel, Bagasse, Biomass & Agro-waste Fired Boilers); Gas Conditioning Towers & Gas to Air Exchangers; Flue Gas Treatment Applications; DeNOx Application in Industrial segment; Detailed Engg for global projects executed by Redecam or the JV
• 2016: Company signs Technology Agreement with Fuel Tech Inc., USA: For reduction of Particulate Matter emissions by use of Electrostatic Precipitators performance improvement technologies (especially Flue Gas Conditioning); For NOx Reduction Processes by use of Urea or Ammonia (SCR and SNCR)
• 2016: Company signs Technology Agreement with NEM Energy b.v Netherlands for Drum type Heat Recovery Steam Generators, Flue Gas Coolers and CO Boilers
• 2016: Company signs Technology Agreement with Neuson Hydrotec, Austria for Hot Working Press solution, Open Die Forging Presses, Forging Plant & Straightening Presses.
• 2016: Company signs Technology Agreement with AP&T, Sweden for manufacturing, selling & supplying of Press Hardening Lines in India & other territories.
• 2016: Company signs Technology Agreement with ADI System, Canada for Industrial Waste Water Treatment solutions
• 2016: Company signs Technology Agreement with RWL Water, Israel for Industrial Waste Water Treatment solutions
• 2017: The mandate of the existing JV - Isgec Foster Wheeler Boilers Pvt. Ltd., amended to include CFBC Boilers.
• 2017: Company signs Technology Agreement with Babcock Power Environmental Inc, USA for SOx reduction process by use of Wet Flue Gas Desulfurization (FGD) Units
• 2017: Company signs Technology Agreement with Riley Power Inc., USA for Process Fired Heaters
• 2017: Company signs Technology Agreement with Thermal Engineering International (TEi), USA: for Screw Plug (Breech Lock) Heat Exchangers, for Waste Heat Recovery through Process Waste Heat Boilers.
• 2017: Company signs Technology Agreement with Claudius Peters, Germany for Clinker Coolers for the Cement industry
• 2017: Company signs Technology Agreement with Partner Teknik, Turkey for Pyro Processing Units for the Cement industry
• 2018: Acquired a 100% stake in Eagle Press & Equipment Co. Ltd., Canada.
• 2018: Isgec has received the official patent for invention ‘Setting Free Sugarcane Mill’.
• 2019: The change of ownership of CFBC business between Foster Wheeler and Sumitomo SHI FW Energia Oy, Finland results in the renaming of the on-going Isgec-Foster Wheeler Joint Venture to Isgec SFW Boilers Pvt. Ltd. The Joint Venture manages the detailed engineering of CFBC Boilers.
• 2020: Group Turnover crossed Rs 5000 crore.
• 2020: Received a Patent for Self- Sharpening Shredder Hammer Tip.
• 2021: Listed on the National Stock Exchange.
• 2021: Isgec has received the official patent for our invention ‘Self-Sharpening Shredder Hammer Tip’.
• 2021: Commissioned a 100 KLPD ethanol plant at Saraswati Sugar Mills, subsidiary in Yamunanagar.
• 2022: Isgec has received the official patent for invention ‘Two Drum Feeder System’.
• 2022: Isgec has received the official patent for invention ‘Self-Locking Cylindrical Dowel Pin’.
• 2023: Capacity of Ethanol Plant at Saraswati Sugar Mills was enhanced to 160 KPLD.
• 2024: Commercial production began at 130 KLPD distillery, Cavite Biofuel Producers Inc. (subsidiary) in Philippines.
• 2026: Entered into a MoU with the National Sugar Development Council, Federal Republic of Nigeria, to provide technical assistance for project development, undertake design activities, prepare cost estimates, and offer technical solutions for sugar plants in Nigeria.