ISGEC Heavy Engineering soars on inking MoU with National Sugar Development Council
The MoU is for providing technical support in relation to the development of sugar plants in Nigeria
ISGEC Heavy Engineering is currently trading at Rs. 1056.75, up by 21.05 points or 2.03% from its previous closing of Rs. 1035.70 on the BSE.
The scrip opened at Rs. 1040.05 and has touched a high and low of Rs. 1066.90 and Rs. 1040.05 respectively. So far 27 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1285.95 on 28-Apr-2025 and a 52 week low of Rs. 682.75 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 1071.95 and Rs. 983.00 respectively. The current market cap of the company is Rs. 7615.45 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 14.08% and 23.49% respectively.
ISGEC Heavy Engineering has entered into a Memorandum of Understanding (MoU) with the National Sugar Development Council, Federal Republic of Nigeria, to provide technical assistance for project development, undertake design activities, prepare cost estimates, and offer technical solutions for sugar plants in Nigeria.
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.

