ISGEC Heavy Engineering has incorporated a Joint Venture Company (JVC) along with Amec Foster Wheeler North America Corporation, USA in the name of ‘Isgec Foster Wheeler Boilers’ with a paid up capital of Rs two crore only.
The shareholding pattern of the JVC is 51:49 between the company and Amec Foster Wheeler North America Corporation respectively. The JVC will render design engineering services for Fossil Fuel Boilers.
ISGEC Heavy Engineering has interests in sugar, engineering, steels, etc. It manufactures bars and rods, metal, machine tool parts and accessories, steel and sugar products.
