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ISGEC Heavy Engineering signs 4 technical cooperation agreements

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Capital Market

With Neuson Hydrotec GmbH

ISGEC Heavy Engineering has signed four Technical Co-operation Agreements with Neuson Hydrotec GmbH, GaisbergerstraBe 52, 4030 Linz, Austria for manufacture, sale and supply of following items, jointly for India:

(i) Nosing Press Plant;

(ii) Forging Plant;

(iii) Forging Complex Press; and

(iv) Straightening Press.

2. The Technical Co-operation Agreement in respect of Nosing Press Plant came into effect on 16 March 2016. The remaining agreements will come into effect once these are approved by the Board of Directors in the next meeting.

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First Published: Mar 19 2016 | 7:21 PM IST

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