Net profit of ISGEC Heavy Engineering rose 82.92% to Rs 30.95 crore in the quarter ended June 2018 as against Rs 16.92 crore during the previous quarter ended June 2017. Sales rose 44.44% to Rs 714.19 crore in the quarter ended June 2018 as against Rs 494.44 crore during the previous quarter ended June 2017.

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ISGEC Heavy Engineering will hold a meeting of the Board of Directors of the Company on 7 August 2018.

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ISGEC Heavy Engineering announced that the 85th Annual General Meeting (AGM) of the company will be held on 7 August 2018.

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The announcement was made after market hours yesterday, 3 July 2018.

Meanwhile, the S&P BSE Sensex was down 15.75 points or 0.04% at 35,362.85

On BSE, so far 294 shares were traded in the counter as against average daily volume of 578 shares in the past two weeks. The stock hit a high of Rs 5,454 and low of Rs 5,300 so far during the day. The stock had hit a record high of Rs 8,400 on 15 January 2018. The stock had hit a 52-week low of Rs 4,991.10 on 28 June 2018.

The mid-cap company has equity capital of Rs 7.35 crore. Face value per share is Rs 10.

ISGEC Heavy Engineering announced that the company has emerged as lowest bidder (L-1) in reverse auction in order for Flue Gas Desulphurization (FGD) 3 units x 800 MW from NTPC - Kudgi Super Thermal Power Project. The value of the expected order is about Rs 700 crore.

ISGEC Heavy Engineering's net profit dropped 54.32% to Rs 26.62 crore on 12.39% fall in net sales to Rs 818.87 crore in Q4 March 2018 over Q4 March 2017.

ISGEC Heavy Engineering is engaged in the manufacturing of heavy engineering equipment.

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