Shares of Isgec Heavy Engineering, on Wednesday, were up 5 per cent at Rs 487.50 in intra-day trade on the BSE after the company said it has bagged orders for two gas fired boilers from public sector refinery. The stock of the industrial machinery manufacture was trading close to its 52-week high of Rs 488, touched on February 8.
The two gas fired boilers will supply steam to the whole petrochemical unit in this green field project. This order continues Isgec’s track record of being a leading supplier for the refinery & petrochemical industry and is one more step in its resolve towards strengthening the ‘Make in India’ initiative of the Government of India, the company said in a exchange filing.
ISGEC Heavy Engineering has secured a prestigious order for a Steam Generating
Island from a reputed public sector refinery in India under competitive bidding.
The 2 Gas Fired Boilers will supply steam to the whole petrochemical unit in this green field project.
This order continues Isgec s track record of being a leading supplier for the Refinery Petrochemical industry and is one more step in its resolve towards strengthening the Make
in India initiative of the Govt. of India.
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Isgec Heavy Engineering has developed a special capability for Inconel Weld Overlay
process. This process is qualified as per ASME and EN Standards and opens up the Global
Market, including in the European Union. This has been developed at the Boiler
Manufacturing and Piping plant of Isgec located at Rattanagrh, Haryana.
The Plant caters to
Isgec s Boiler and Pressure Part global clientele.
This recent development enables Isgec to cater to its customers in Waste to Energy, Fired
Heaters, and Special Projects where weld overlay is needed on membrane wall (water wall)
tubes and pipes.
As a result of this development, Isgec has already received orders that are under execution. The first order is for the supply of 3 Cooling Stacks with weld overlay (inconel 625). To be
Read more about ISGEC Heavy Engineering consolidated net profit rises 14.40% in the December 2020 quarter on Business Standard. Sales decline 17.40% to Rs 1392.46 crore