ISGEC Heavy Engineering has entered into a memorandum of understanding (MoU) with the National Sugar Development Council (NSDC) of Nigeria to provide comprehensive technical support for the development of sugar plants. This includes conducting feasibility studies, preparing cost estimates, and offering training for both greenfield and brownfield projects. The NSDC, a governmental agency, plays a pivotal role in enhancing Nigeria's sugar industry by formulating policies and implementing the National Sugar Master Plan, which aims to boost domestic sugar production and reduce reliance on imports. The collaboration is expected to create new business opportunities for ISGEC in Nigeria, enhancing its visibility in the African sugar market. In its latest financial report, ISGEC Heavy Engineering noted a significant net profit of ₹69.78 crore in Q3 FY26, marking a 247.7% increase from the previous year, with revenues also rising by 16.26% to ₹1,738.56 crore.