About
ISGEC Heavy Engineering Ltd
ISGEC Heavy Engineering Limited is a heavy engineering company engaged in the manufacture of process plant equipment, mechanical and hydraulic presses, alloy steel and ferrous castings, containers, contract manufacturing and execution of projects for setting up boilers, sugar plants, power plants and air pollution control equipment for customers in India and abroad.
The company had undertaken the expansion of the Titawi sugar factory and the Mawana sugar factory. In 1995, the company's Indian Sugar and General Engineering Corporation (ISGEC) was awarded the ISO 9001 certification by Lloyds Register of Quality Assurance, UK.
In 1993, the company's subsidiary -- ISGEC Covema Plastics, was granted a letter of intent for setting up a 2500 tpa sugar plant at Kamoda in the Kurukshetra district of Haryana. The company exports to the UK, south-east Asian countries and to the eastern parts of Africa, west Asia and to the neighbouring countries. The company recently started exporting to Cambodia and Australia also.
During 1998-99, the company has signed a collaboration agreement with an Italian Company, Belleli, for manufacture of High Pressure Reactors used in the fertiliser and refinery industries.
Two major Press Lines were supplied to Krupp JBM Pvt.Ltd. during 1999-2000, which was a major achievement for the company as these were supplied in a record period of time. The company also supplied a high pressure and sophisticated Reactor to the Indian Oil Corporation, the order of which was booked by our Italian collaborator but the fabrication was done in the company's shops.
An agreement with M/s Foster Wheeler USA for transfer of latest Circulating Fluidized Bed Boilers technology was signed in 2000-01.The company has got exports orders for Cupro Nickel and Chrome Ferrite Stainless Steel Heat Exchanges.
During the year-ended 31stMarch 2015, the Company acquired the entire share capital of Free Look Software Private Limited. This Company owned a plot of land in Noida.
In FY 2016, the Company completed a project consisting of Sugar Plant of 3500 tonnes Per Day capacity and 15 Mega Watt Co-generation Plant on a turnkey basis, including civil work.
In FY 2016, the company entered into a Collaboration Agreement with Neuson Hydrotec GmbH, GaisbergerstraBe 52 4030 Linz, Austria for manufacture and sale of Nosing Press Plant, Forging Plant, Forging Complex Press and Straightening Press.
In FY 2016, the Company successfully manufactured Low Pressure and Medium Pressure Decomposers for the Fertilizer Industry. In addition, the Company, for the first time, supplied Chain Type Heat Exchangers for a Fertilizer Plant and also Low Pressure Heaters for the Nuclear Power Corporation of India Limited.
In FY 2016, the Company successfully completed four Complete Sugar Plants and seven Modernization and Expansion Projects.
In FY 2016, the Company successfully manufactured Low Pressure and Medium Pressure Decomposers for the Fertilizer Industry. In addition, the Company, for the first time, supplied Chain Type Heat Exchangers for a Fertilizer Plant and also Low Pressure Heaters for the Nuclear Power Corporation of India Limited.
During the year 2016, ISGEC Hitachi Zosen Limited (IHZL), the Joint Venture Company successfully supplied critical equipment, such as Ammonia Converter as per Haldor Topsoe Process for a Refinery, Condenser for the Fertilizer Industry and Hydro Processing Reactor as per CLG (Chevron Lummus Global) Process for the Petroleum Industry.
During FY 2017, the Tubing and Piping Division received approvals to become a supplier for projects of NTPC, EIL and other reputed Indian and International customers. The division also obtained ASME 'PP' certification and received orders for execution with 'PP' stamping.
During the FY 2017, the liquefied gas container division successfully developed and tested new models of Containers for new generation of Refrigerant Gases.
ISGEC Heavy Engineering Ltd
Chairman Speech
NOTICE TO THE SHAREHOLDERS
Notice is hereby given that the 80th Annual General Meeting of the Shareholders of
Isgec Heavy Engineering Limited will be held on Tuesday, February 11, 2014, at 12:00 noon
at the office premises of Saraswati Sugar Mills Limited, Radaur Road, Yamunanagar-135001,
Haryana, to transact the following business:
As Ordinary Business:
1. To receive, consider and adopt the Accounts and Reports of the Directors and
Auditors for the year ended September 30, 2013.
2. To declare dividend on Equity Shares for the year ended September 30, 2013.
3. To appoint a Director in place of Mr. Tahir Hasan, who retires by rotation and is
eligible for re-appointment.
4. To appoint a Director in place of Mr. Ranjit Puri, who retires by rotation and is
eligible for re-appointment.
5. To appoint Auditors and to fix their remuneration.
As Special Business:
To consider and if thought fit, to pass with or without modification(s) the following
resolution:-
As Special Resolution:
6. "RESOLVED AS A SPECIAL RESOLUTION that the Directors other than the Managing
Director and the Whole Time Director, shall, with effect from October 1, 2014, be
collectively paid a commission of 1% of the net profits of the Company computed in the
manner referred to in sub-section (1) of Section 198 of the Companies Act, 1956, which
shall be shared by each such Director equally;
Provided that if in any relevant financial year the amount of such commission exceeds
Rs. 25,000/- per annum for each such Director, then each such Director shall be paid Rs.
25,000/- per annum instead of the amount determined on the basis of 1% of the net profits;
Provided further that if any such Director has held that office for a shorter period in
any relevant year, he shall be paid the commission proportionately for that period;
Provided also that if after payment of remuneration to the Managing Director and Whole
Time Director, the amount available as Directors’ remuneration in accordance with the
provisions of Section 198 of the Companies Act, 1956, is smaller than any of the amounts
mentioned heretofore, than such Director shall be entitled to that lesser amount to be
shared on the above stipulated basis."
This resolution shall remain in force for a period of five years with effect from
October 1, 2014.
|
By Order of the Board of Directors |
|
For, Isgec Heavy Engineering Limited |
| Registered Office: |
(S.K. KHORANA) |
| Radaur Road, Yamunanagar-135001, |
Executive Director |
| Haryana. |
& Company Secretary |
| Dated: January 10, 2014 |
|
Notes:
1. Proxy:
A member entitled to attend and vote is entitled to appoint a proxy to attend and vote
in his/ her stead and a proxy need not be a member of the Company. Proxy, in order to be
effective, must be received by the Company not less than 48 hours before the scheduled
time of the meeting. A blank proxy form is annexed to the Annual Report.
2. Corporate shareholders and other incorporated bodies shareholders inter alia
Trust, HUF, etc. intending to send their authorized representative to attend the meeting
are requested to bring along with them, a certified true copy of resolution of the board
of directors or its committee thereof/ power of attorney, authorizing such person to
attend and vote on its behalf at the meeting.
3. The members/ proxies/ authorized representatives are advised to bring original photo
identity for verification, if required.
4. Annual Report: Copy of the relevant Directors’ Report, Auditors’
Report and the Financial Statements are enclosed.
5. Book Closure:
The Register of Members and Share Transfer Books of the Company shall remain closed
from February 1, 2014 to February 11, 2014 (both days inclusive).
6. Payment of Dividend:
The Dividend on Equity Shares for the year ended September 30, 2013, will be paid after
declaration by the members:-
(i) In respect of shares held in physical form, to those members whose names appear on
the Register of Members of the Company on February 11, 2014, after giving effect to all
valid share transfers lodged with the Company on or before January 31, 2014.
(ii) In respect of shares held in electronic form, to those beneficial owners whose
names appear in the statements of beneficial ownership furnished by National Securities
Depository Limited and Central Depository Services (India) Limited as at the end of
business on January 31, 2014.
7. Members holding shares in physical form are requested to notify and/ or send the
following to Company’s Share Transfer Agent, M/s. Alankit Assignments Ltd., Alankit
House, 2E/21, Jhandewalan Extn., New Delhi - 110055 (phone 011-42541234, 23541234) to
facilitate better services :-
i) any change in their address; and
ii) share certificate(s) held in multiple accounts in identical names or joint names in
the same order of names, for consolidation of such shareholdings into one account.
8. Pursuant to Section 109A of the Companies Act, 1956, a shareholder may nominate in
the prescribed manner a person to whom his/ her shares of the Company shall vest in the
event of his/ her death.
9. Explanatory Statement pursuant to Section 102 of the Companies Act, 2013, is
annexed.
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ISGEC Heavy Engineering Ltd
Company History
ISGEC Heavy Engineering Limited is a heavy engineering company engaged in the manufacture of process plant equipment, mechanical and hydraulic presses, alloy steel and ferrous castings, containers, contract manufacturing and execution of projects for setting up boilers, sugar plants, power plants and air pollution control equipment for customers in India and abroad.
The company had undertaken the expansion of the Titawi sugar factory and the Mawana sugar factory. In 1995, the company's Indian Sugar and General Engineering Corporation (ISGEC) was awarded the ISO 9001 certification by Lloyds Register of Quality Assurance, UK.
In 1993, the company's subsidiary -- ISGEC Covema Plastics, was granted a letter of intent for setting up a 2500 tpa sugar plant at Kamoda in the Kurukshetra district of Haryana. The company exports to the UK, south-east Asian countries and to the eastern parts of Africa, west Asia and to the neighbouring countries. The company recently started exporting to Cambodia and Australia also.
During 1998-99, the company has signed a collaboration agreement with an Italian Company, Belleli, for manufacture of High Pressure Reactors used in the fertiliser and refinery industries.
Two major Press Lines were supplied to Krupp JBM Pvt.Ltd. during 1999-2000, which was a major achievement for the company as these were supplied in a record period of time. The company also supplied a high pressure and sophisticated Reactor to the Indian Oil Corporation, the order of which was booked by our Italian collaborator but the fabrication was done in the company's shops.
An agreement with M/s Foster Wheeler USA for transfer of latest Circulating Fluidized Bed Boilers technology was signed in 2000-01.The company has got exports orders for Cupro Nickel and Chrome Ferrite Stainless Steel Heat Exchanges.
During the year-ended 31stMarch 2015, the Company acquired the entire share capital of Free Look Software Private Limited. This Company owned a plot of land in Noida.
In FY 2016, the Company completed a project consisting of Sugar Plant of 3500 tonnes Per Day capacity and 15 Mega Watt Co-generation Plant on a turnkey basis, including civil work.
In FY 2016, the company entered into a Collaboration Agreement with Neuson Hydrotec GmbH, GaisbergerstraBe 52 4030 Linz, Austria for manufacture and sale of Nosing Press Plant, Forging Plant, Forging Complex Press and Straightening Press.
In FY 2016, the Company successfully manufactured Low Pressure and Medium Pressure Decomposers for the Fertilizer Industry. In addition, the Company, for the first time, supplied Chain Type Heat Exchangers for a Fertilizer Plant and also Low Pressure Heaters for the Nuclear Power Corporation of India Limited.
In FY 2016, the Company successfully completed four Complete Sugar Plants and seven Modernization and Expansion Projects.
In FY 2016, the Company successfully manufactured Low Pressure and Medium Pressure Decomposers for the Fertilizer Industry. In addition, the Company, for the first time, supplied Chain Type Heat Exchangers for a Fertilizer Plant and also Low Pressure Heaters for the Nuclear Power Corporation of India Limited.
During the year 2016, ISGEC Hitachi Zosen Limited (IHZL), the Joint Venture Company successfully supplied critical equipment, such as Ammonia Converter as per Haldor Topsoe Process for a Refinery, Condenser for the Fertilizer Industry and Hydro Processing Reactor as per CLG (Chevron Lummus Global) Process for the Petroleum Industry.
During FY 2017, the Tubing and Piping Division received approvals to become a supplier for projects of NTPC, EIL and other reputed Indian and International customers. The division also obtained ASME 'PP' certification and received orders for execution with 'PP' stamping.
During the FY 2017, the liquefied gas container division successfully developed and tested new models of Containers for new generation of Refrigerant Gases.