ISGEC Heavy Engineering has signed a Collaboration and Technology Transfer Agreement with Babcock Power Environmental Inc., a Delaware (USA) Corporation having a principal place of business at 5 Neponset Street, Worcester, MA 01605, for design and manufacture of Wet Flue Gas Desulphurization system and equipments.

Earlier in February 9, 2017, the company had signed license agreement with Riley Power Inc., USA, a company of Babcock group, for transfer of technology to design and sell process fired heaters.

Shares of the company declined Rs 24, or 0.42%, to trade at Rs 5,721.20. The total volume of shares traded was 19 at the BSE (9.39 a.m., Tuesday).