The Saraswati Sugar Syndicate Ltd. (now Isgec Heavy Engineering Ltd.) is established.
Indian Sugar & General Engineering Corporation (Isgec Heavy Engineering Limited) is established to address the need for the Indian Capital Goods Industry.
Isgec shifts Registered Office from Lahore, (undivided India) to Abdullapur (now Yamunanagar in Haryana, India).
Saraswati Sugar Mills (SSM) is established at Yamunanagar.
Agreement with John Thompson Ltd., UK for manufacture of Boilers.
The Saraswati Sugar Syndicate Ltd. name changed to Saraswati Industrial Syndicate Ltd. (SIS Ltd.) and Isgec is amalgamated with SIS Ltd.
Collaboration agreement with John Thompson Water Tube Boilers Ltd. for the manufacture of high pressure boilers having output in excess of 50 MW.
First Ton Container is manufactured.
Isgec John Thompson Ltd. (IJT) is formed for designing, supplying, erecting and providing after sales service of boilers.
Licenses received for manufacture of Hydraulic Machinery in collaboration with John Shaw and Sons (Salford) Ltd., Salford Lancashire (UK).
Presses Division is formed.
Production of Hydraulic Presses is started with technical knowhow from John Shaw, UK.
Presses Division executes first order of 25T Hydraulic Press supplied to Carbon Products, Calcutta.
Items manufactured for the first time:
Licenses received for manufacture of Plate Bending Rolls, Galvanizing Baths, Fabrication of High Pressure Piping and Heat Exchangers.
License issued for manufacture of Water Treatment Plant.
Company acquires U.P. Steels – a steel plant set up by Kobe Steel Group, Japan at Muzaffarnagar (U.P.) India in 1966.
Production of Mechanical Presses is started with technical knowhow from Rovetta Presse Spa, Italy.
IJT forays into Fluidized Bed Combustion technology.
Isgec, Yamunanagar receives ISO-9001 certification.
Manufacture Ladle Turrets for the Continuous Caster of the Rourkela Steel Plant – a first for India.
Licensing agreement for CFBC Boilers upto 60 MW with Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.)
Licensing agreement with Belleli, Italy for the manufacturer of High Pressure Reactors for Oil Refineries and other Petrochemical Plants.
Company Head Office shifts to Noida in Uttar Pradesh, India.
Receive patent for Liquefied Gas Containers from Mexico.
Receive patent for Liquefied Gas Containers from USA.
Overseas offices open in Germany and USA.
Receive second patent for Liquefied Gas Containers from USA.
Technology License Agreement with ABB Lummus Heat Transfer, USA to market, sell and manufacture Helix Heat Exchangers (Helixchanger) products.
IJT Design office starts at Chennai.
Receive patents for Liquefied Gas Containers from India and China.
Company turnover crosses Rs.1000 Crores
New plant at Dahej, Gujarat in India commences production. Set up to manufacture heavier and bigger process plant equipment for the overseas market.
Receive PIE certification, necessary for marketing Liquefied Gas Containers in Europe.
Company is listed in Group B of the Bombay Stock Exchange.
Collaboration agreement with Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.) for CFBC Boilers enhanced to cover upto 99.99 MWe.
New factory for Standard Presses is set up at Bawal, near Gurgaon (Haryana) India.
Agreement with Hitachi Zosen, Japan for technology transfer for the manufacture of Chrome-Moly Vanadium Reactors and critical equipment for the Fertilizer sector.
Company turnover crosses Rs.1500 Crores.
Technology Agreement with Belleli, Italy for manufacture of Vessels with complex chemistries for Oil, Gas & Power sectors primarily for India.
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.
First barge operation by Isgec. Vessels exported to Algeria from jetty & port at Dahej.
Company turnover crosses Rs.2000 Crores.
IJT Design office is started at Pune.
Largest Vessel (Coke Drums for installation at MRPL Refinery) manufactured at Dahej and dispatched by barge.
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.
Process Equipment business vertical receives ‘N’ and ‘NPT’ stamps from ASME for manufacture of equipment for Nuclear Plants.
Company turnover crosses Rs.2500 Crores.
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.).
Company buys drawings and the brand Morando for manufacture of Vertical Turning Lathes (VTL) from an Italian Company.
Company acquires technology to manufacture Electrostatic Precipitators (ESP) from a German company, Envirotherm GmbH.
Company signs Technology Agreement with M/s. Belleli, Italy for the manufacture of Breech Lock Exchangers.
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.
Boilers business vertical commissions its largest CFBC Boiler of 425 TPH (110 Mwe) for a Steel Plant.
Steel Casting business vertical becomes the first Indian Foundry to develop Crushing Shell Castings for Mining & Mineral Processing Industry.
Joint Venture - Isgec Hitachi Zosen Ltd. - dispatches first Vessel manufactured by it.
Boilers business vertical ventures into new products such as Heat Recovery Steam Generators, Waste Heat Recovery Boilers and Pin Hole Grate Boilers.
Sugar Plants & Machinery business vertical successfully commissions its largest Sugar Mill - 1150 mm x 2290 mm (45" x 90").
Sugar Plants & Machinery business vertical successfully commissions first sugar refinery.
EPC Power Plant business vertical secures its first order for Waste to Energy Power Plant Project, in consortium with Hitachi Zosen Limited, Japan.
Company turnover crosses Rs.3000 Crores.
Company forms a new joint venture with Amec Foster Wheeler North America Corp., USA to manage detailed engineering of Pulverised Coal Fired Boilers of both Isgec and Amec Foster Wheeler.
Company forms a new joint venture with TITAN Metal Fabricators, Camarillo, CA USA to manufacture corrosion-resistant process equipment and provide the next generation of reactive alloy equipment to global customers.
Company forms a new Joint Venture with Redecam, Italy for marketing, selling, designing, manufacturing, testing & commissioning in India & other territories, of
Company signs Technology Agreement with Fuel Tech Inc., USA:
Company signs Technology Agreement with NEM Energy b.v Netherlands for Drum type Heat Recovery Steam Generators, Flue Gas Coolers and CO Boilers
Company signs Technology Agreement with Neuson Hydrotec, Austria for Hot Working Press solution, Open Die Forging Presses, Forging Plant & Straightening Presses.
Company signs Technology Agreement with AP&T, Sweden for manufacturing, selling & supplying of Press Hardening Lines in India & other territories.
Company signs Technology Agreement with ADI System, Canada for Industrial Waste Water Treatment solutions
Company signs Technology Agreement with RWL Water, Israel for Industrial Waste Water Treatment solutions
Company signs Technology Agreement with Babcock Power Environmental Inc, USA for SOx reduction process by use of Wet Flue Gas Desulfurization (FGD) Units
Company signs Technology Agreement with Riley Power Inc., USA for Process Fired Heaters
Company signs Technology Agreement with Thermal Engineering International (TEi), USA:
Company signs Technology Agreement with Claudius Peters, Germany for Clinker Coolers for the Cement industry
Company signs Technology Agreement with Partner Teknik, Turkey for Pyro Processing Units for the Cement industry