Archive · 21 Sep 2026
HEG Advanced Materials Gains After ₹217.56 Crore Battery Order
HEG Advanced Materials’ share price rose sharply over three trading sessions.
The company’s subsidiary, Replus Engitech, won an order from Indus Towers.
It will supply lithium-ion battery banks.
The order is worth ₹217.56 crore, including GST.
The work is expected to be finished by March 31, 2027.
The company also recently split its businesses through a demerger.
Its graphite electrode business was placed in a separate company called HEG Graphite Ltd.
The remaining company keeps its advanced materials, battery energy solutions and green power businesses.
Shareholders are expected to receive one HEG Graphite share for each HEG Advanced Materials share held on the record date.
HEG Advanced Materials shares rose nearly 15% from ₹215 on September 17 to about ₹248 on September 21.
The stock opened at ₹243.85 on Monday, versus a previous close of ₹237.05, and briefly hit ₹248.90.
Subsidiary Replus Engitech received a ₹217.56 crore, GST-inclusive order from Indus Towers for lithium-ion battery banks.
The order is scheduled for completion by March 31, 2027, unless both parties agree to an extension.
Investors have also responded to the demerger separating the graphite electrode business into HEG Graphite Ltd.
- Who
- HEG Advanced Materials, subsidiary Replus Engitech and customer Indus Towers.
- What
- Replus Engitech won an order to supply lithium-ion battery banks worth ₹217.56 crore, including GST.
- When
- The share move occurred from September 17 to September 21, 2026; order completion is scheduled by March 31, 2027.
- Where
- The order was disclosed through a stock-exchange filing in India, and the shares traded on the NSE.
- Why
- The shares rose after the order announcement and amid investor interest in the company’s demerger.
- Three-session share gain
- Nearly 15%, from ₹215 on September 17 to about ₹248 on September 21
- Monday opening price
- ₹243.85 per share
- Previous closing price
- ₹237.05 per share
- Intraday high
- ₹248.90, the stock’s 5% upper circuit
- Order value
- ₹217.56 crore, inclusive of GST
- Customer
- Indus Towers Limited, formerly Bharti Infratel Limited
- Completion deadline
- March 31, 2027, subject to a mutually agreed extension
- Demerger structure
- HEG Graphite Ltd will hold the graphite electrode business, while HEG Advanced Materials retains advanced materials, battery energy solutions and green power
