ISGEC Heavy Engineering Completes JV Share Sale, Reduces Stake to 26%

ISGEC Heavy Engineering Ltd has successfully completed the sale of 5,00,000 equity shares, representing 25% of its paid-up share capital, in its joint venture company, Isgec SFW Boilers Private Limited, to its JV partner, Sumitomo SHI FW Energia Oy. The transaction, finalized on June 25, 2026, reduces ISGEC's shareholding from 51% to 26%. Consequently, the JV company ceases to be a subsidiary and is now classified as an associate company, while continuing as a joint venture. The sale consideration received by ISGEC is ₹4 crores. The JV company contributed 0.18% to consolidated turnover and 0.29% to net worth in FY25.