Overview:
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. |