ISGEC Heavy Engg: Updates on setting up of JV company

ISGEC Heavy Engineering Ltd has informed BSE that a Joint Venture Company along with Amec Foster Wheeler North America Corp., U.S.A has been incorporated in the name of

ISGEC Heavy Engineering Ltd has informed BSE that :1. A Joint Venture Company along with Amec Foster Wheeler North America Corp., U.S.A has been incorporated in the name of "Isgec Foster Wheeler Boilers Private Limited" with a paid up capital of Rupees Two Crores only.2. The shareholding pattern of the Joint Venture Company is 51:49 between the Company and Amec Foster Wheeler North America Corp. respectively.3. The Joint Venture Company will render design engineering services for Fossil Fuel Boilers.Source : BSE

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