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ISGEC jumps on bagging order for Semi-Dry FGD System from Hindalco Industries

14 Sep 2020 Evaluate

ISGEC Heavy Engineering is currently trading at Rs. 273.95, up by 10.00 points or 3.79% from its previous closing of Rs. 263.95 on the BSE.

The scrip opened at Rs. 272.10 and has touched a high and low of Rs. 282.00 and Rs. 272.10 respectively. So far 57625 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 442.00 on 02-Dec-2019 and a 52 week low of Rs. 205.05 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 282.00 and Rs. 256.55 respectively. The current market cap of the company is Rs. 2034.56 crore.

The promoters holding in the company stood at 62.39%, while Institutions and Non-Institutions held 12.20% and 25.40% respectively.

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.

ISGEC Heavy Engg. Share Price

1058.50 16.10 (1.54%)
20-Apr-2026 12:38 View Price Chart
Peers
Company Name CMP
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