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Latest news about Isgec Heavy Engineering

Isgec Heavy Engineering Acquires 26% Stake in Solar Power Venture Oct 06, 2025

Isgec Heavy Engineering Ltd. has signed an agreement to acquire a 26% stake in FPEL HR1 Energy Private Limited for up to ₹2.24 crore. The acquisition is aimed at meeting green energy needs and optimizing energy costs. FPEL HR1 Energy is setting up a 50 MWp DC / 75 MW AC solar power project in Sirsa District, Haryana. Isgec has entered into a Solar Power Purchase Agreement and a Share Subscription and Shareholders' Agreement as part of this transaction. The company has informed stock exchanges about this acquisition in compliance with SEBI regulations.

Isgec Heavy Engineering's 92nd AGM: All Resolutions Passed, Key Management Changes Approved Sep 17, 2025

Isgec Heavy Engineering's Subsidiary Sale Collapses as Buyer Defaults on Payment Sep 15, 2025

Isgec Heavy Engineering Revises Dividend Record Date to September 09, 2025 Sep 05, 2025

Isgec Heavy Engineering Reports 22% Revenue Decline in Q1, Maintains Strong Order Book Aug 26, 2025

More news about Isgec Heavy Engineering

13Aug 25

ISGEC Heavy Engineering Reports Mixed Q1 Results Amid Challenging Market Conditions

Isgec Heavy Engineering Ltd. reported a 12.8% decrease in Q1 consolidated revenue to ₹1,34,099.00 lakhs and a 12.7% drop in net profit to ₹5,863.00 lakhs. EBITDA fell by 13% to ₹13,800.00 lakhs, but the EBITDA margin remained stable at 10.3%. The company's performance varied across its segments, with Manufacturing of Machinery & Equipment and Industrial Projects being the largest contributors. Despite challenges, the company maintains a strong order book and is focusing on operational efficiency and growth initiatives. A dividend of ₹5.00 per equity share has been recommended for FY ended March 31.

08Aug 25

Isgec Heavy Engineering Faces Rs 23.87 Lakh Tax Penalty from Haryana Authorities

Isgec Heavy Engineering Limited has been penalized Rs 23,87,276 by Haryana tax authorities for disallowed Input Tax Credit claims. The penalty, imposed by the Deputy Excise and Taxation Commissioner in Jagadhari, Ambala, includes IGST (Rs 11,87,053), CGST (Rs 6,00,112), and SGST (Rs 6,00,112). The company received the order via email on August 7, 2025, and disclosed it to stock exchanges on August 8, 2025, in compliance with SEBI regulations. Isgec has not yet commented on potential appeals or financial impacts.

15Jul 25

Isgec Heavy Engineering Extends Bioeq Energy Holdings Sale Deadline to September 2025

Isgec Heavy Engineering has extended the deadline for selling its step-down subsidiary, Bioeq Energy Holdings One, to September 15, 2025. The two-month extension is due to procedural delays on the buyer's side, including challenges in obtaining approvals and securing funds. The sale, initially agreed on December 9, 2024, involves Isgec's entire shareholding in Bioeq Energy Holdings One and its subsidiaries. The transaction, valued at approximately USD 31 million, will result in seven entities ceasing to be step-down subsidiaries or associates of Isgec. The company has committed to providing further updates as the situation progresses.

02Jun 25

ISGEC Heavy Engineering Resumes Operations at Uttar Pradesh Factory Following NGT Approval

ISGEC Heavy Engineering has been granted permission by the National Green Tribunal (NGT) to resume operations at its factory in Village Nara, Uttar Pradesh. This decision follows a previous closure of the unit. The reopening suggests that the company may have addressed environmental concerns, though details about the initial shutdown are not provided. The resumption of activities is expected to impact local employment and the company's production capabilities.

29May 25

ISGEC Heavy Engineering Reports 16.5% Surge in Q4 Net Profit, Revenue Dips

ISGEC Heavy Engineering's Q4 consolidated net profit increased by 16.5% to ₹981.00 million, despite a 7% revenue decline to ₹17,400.00 million. Operating profit rose 10.8% to ₹904.00 million, with the operating profit margin improving to 5.20%. For the full fiscal year, the company's net profit grew 24% to ₹2,549.00 million, while total revenue slightly decreased by 2.6% to ₹62,452.00 million. Earnings per share improved to ₹33.14, up 24% from the previous year.

27Feb 25

Nippon India Mutual Fund Boosts Stake in ISGEC Heavy Engineering Amid Mixed Stock Performance

Nippon India Mutual Fund has increased its stake in ISGEC Heavy Engineering to 5.96%, a 1.13% rise, through open market transactions. The stock has shown mixed performance, gaining 5% in the past week but declining 32% year-to-date. This move by the institutional investor comes despite the overall negative performance of the stock in 2023, potentially signaling confidence in the company's future prospects.

20Feb 25

Isgec Heavy Engineering: Nippon India Small Cap Fund Acquires 1.13% Stake Amid Q3 Profit Decline

Nippon India Small Cap Fund acquired a 1.13% stake in Isgec Heavy Engineering for Rs 76.3 crore, while Goldman Sachs India Equity Portfolio exited its 1.41% position. The company's Q3 FY2024 net profit fell 65% to Rs 23.1 crore due to losses from its new ethanol plant in the Philippines. Revenue slightly increased to Rs 1,501 crore, but EBITDA and operating profit declined. Challenges include increased interest expenses and higher tax outgo.