Expansion13 Nov 2025, 07:57 pm
ISGEC Heavy Engineering Ltd. Announces Capacity Addition, Capital Investment, and Financial Results
AI Summary
ISGEC Heavy Engineering Ltd. has announced capacity addition and capital investment of Rs.87 crores for establishing a Skid & Modular Shop at its existing SEZ Dahej Factory. The company also approved the incorporation of a wholly-owned subsidiary in Eswatini and the provision of a Standby Letter of Credit (SBLC) for its subsidiary in Canada. The company's unaudited standalone and consolidated financial results for the quarter and half year ended on September 30, 2025, have also been approved.
Key Highlights
- ISGEC Heavy Engineering Ltd. to invest Rs.87 crores for establishing a Skid & Modular Shop at its existing SEZ Dahej Factory.
- Approval for the incorporation of a wholly-owned subsidiary in Eswatini.
- Provision of a Standby Letter of Credit (SBLC) for the company's subsidiary in Canada.
- Approval of unaudited standalone and consolidated financial results for the quarter and half year ended on September 30, 2025.
- The company's Management and Board of Directors prepared the financial results in accordance with the Indian Accounting Standard 34 and other accounting principles generally accepted in India.