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 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 Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.)

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 Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.) 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 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

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.

2011

Process Equipment business vertical receives ‘N’ and ‘NPT’ stamps from ASME for manufacture of equipment for Nuclear Plants.

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 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

Company turnover crosses Rs.3000 Crores.

2015

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.

2015

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.

2016

Company forms a new Joint Venture with Redecam, Italy for marketing, selling, designing, manufacturing, testing & commissioning in India & other territories, of

2016

Company signs Technology Agreement with Fuel Tech Inc., USA:

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

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

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