# Isgec Heavy Engineering sells 25% stake in boiler JV to Sumitomo SHI FW

Isgec Heavy Engineering Limited agreed to sell a 25% stake in its joint venture Isgec SFW Boilers Private Limited to partner Sumitomo SHI FW Energia OY for Rs. 4 crore. The transaction is expected to complete by June 30, 2026.

- Type: Acquisition
- Announced: 2026-05-09
- Where: India
- Status: announced
- Products: boilers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ISGEC Heavy Engineering](https://endata.com/companies/32890.md)
- [Sumitomo SHI FW Energia Oy](https://endata.com/companies/70801.md) (acquirer)
- [Isgec Sfw Boilers Private Limited](https://endata.com/companies/91818.md) (target)

## Sources

- [chinimandi.com](https://www.chinimandi.com/isgec-heavy-engineering-sells-25-stake-in-boiler-joint-venture-to-sumitomo-for-rs-4-crore/), 2026-05-09: "Isgec Heavy Engineering Limited has entered into an agreement to sell a 25 per cent stake in its joint venture company, Isgec SFW Boilers Private Limited, to its joint venture partner Sumitomo SHI FW Energia OY for a consideration of Rs 4 crore."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.