Hindusthan Engineering & Industries Limited (HEIL), as per credit rating report, is a diversified product company with operations in rolling stock, railway track materials, gas-based chemicals and jute products. Its engineering and jute operations are based in Kolkata and chemical operations in Mumbai. The engineering unit has three divisions: points & crossings, wagons and steel castings with installed capacities of 32,400 million tonnes (MT), 3,900 units and 30,000MT, respectively. The chemicals segment has installed capacities of 16,585MT and 1,825MT in inorganic chemicals and its derivatives and organic chemicals and its derivatives, respectively.

Products & Businesses:

Products:-

Currently, the company has taken the lead in turning out the New Generation, Commodity-Specific, High Payload Freight Cars in Stainless Steel construction for Indian Railways.

Foundry - We are presently supplying Bogies, Couplers, Draft Gears, CMS Crossings to Ministry of Railways and are one of the largest producer of Bogies, Side Frames, Bolsters, Couplers, Draft Gears and other components for Rolling Stock. We are licensees of Standard Car Truck Company, U.S.A for Barber design freight Bogies and have been exporting Bogies to South Korea, Australia and North America. We are the first company in India to develop anode yokes for supply to Aluminium Smelters.

Chemicals - A fully automatic and integrated plant, incorporating stringent pollution control equipment has been set up by HEI for the manufacture of Cyanides. More than 40% of Sodium Cyanide & Diphenyl Guanidine output is exported. Products are used in gold/silver refining, heat treatment, electroplating, pharmaceuticals, tyres, foam and rubber. Natural Gas is the main raw material. The plant has an in-house R&D Centre recognized by the Department of Scientific and Industrial Research, Government of India.

Jute Products - Jute, an agro-based product, plays a vital role in the economy of Eastern India. The products from Dalhousie jute Company's plant at Champdany (West Bengal) are used as packaging material for food grain, sugar, cement, fertilizer and tea. Its products are well received all over the world.Jute Products - Jute, an agro-based product, plays a vital role in the economy of Eastern India. The products from Dalhousie jute Company's plant at Champdany (West Bengal) are used as packaging material for food grain, sugar, cement, fertilizer and tea. Its products are well received all over the world.

Businesses:-

Research and Development occupies priority position in the corporate philosophy of HEI. In fact, in all the 3 plants dedicated for Railways, Research and Development has been made as integral part of the plant functioning. There is a constant endeavor towards process optimization and product development.

The Board, in order to conserve the resources of the Company, do not recommend any dividend for the year ended 31st March, 2022. During the year under review no amount of profit has been transferred to any reserve.

The Engineering Division of the Company has achieved higher sales & higher profit as compared to last year. Hindusthan Chemicals Company, the company’s chemical division at Olpad, Dist. Surat (Gujarat) has achieved higher sales and lower profit as compared to last year. Dalhousie Jute Company, the company’s jute division at Champdany, West Bengal has achieved higher sales and lower profit as compared to last year.