ISGEC Heavy Engineering has won its first breakthrough order for a Semi-Dry FGD (Circulating Fluidised Bed Scrubbers) System from Hindalco Industries for one of their 150 MW Units at Mahan Aluminium at Singrauli, Madhya Pradesh. Though the Letter of Intent from Customer was received in February 2020, the contract signing could take place only after the lockdown was lifted. The project was won through competitive bidding against other technology providers.
The company has a technology licensing agreement with Sumitomo SHI FW (SFW) for Semi-Dry FGD (Circulating Fluidized Bed Scrubbers) and it is this advanced technology that will be used for the Hindalco project as a first for the Indian market. The broad scope of the project includes Design, Engineering, Manufacturing, Supply, Civil Works, Construction, Commissioning and Performance Guarantee Testing for the complete Semi-Dry Flue Gas Desulphurisation System Package (SDFGD) for the 150 MW Unit. The schedule for completion of the project is 22 months. The order value is Rs 126.5 crore.
ISGEC Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4086.45 |
| Rail Vikas Nigam | 297.00 |
| NCC | 158.40 |
| KEC International | 564.50 |
| Kalpataru Projects | 1215.70 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: