ISGEC Heavy Engineering Ltd (BSE:533033) announces a share repurchase program. Under the program, the company will repurchase up to INR 600 million worth of shares. The maximum price that the company will pay for each share will not be more than INR 890 per share.

The company will make repurchases from the open market through stock exchanges. The company will finance the plan from free reserves, cash and bank balances/ deposits and/ or short term investments and/or internal accruals. The company will make repurchases in accordance with the provisions of the Companies Act, 1956 and SEBI Buy Back Regulations, 1998.

The plan will run for a period of 6 months i.e. till July 30, 2014.