1 hr ago
HEG Advanced Materials Secures ₹127.35-Crore Battery Order From Indus Towers
HEG Advanced Materials said its subsidiary, Replus Engitech, received a large order from Indus Towers.
The order is worth ₹127.35 crore, including taxes.
Replus Engitech will supply lithium-ion battery banks.
These batteries can be used to store energy and provide backup power.
The order is for the domestic market.
The company expects to finish the supply by May 31, 2027.
The deadline can change if both companies agree.
The companies did not say how many batteries are involved or where they will be installed.
Replus Engitech, a subsidiary of HEG Advanced Materials, received orders worth ₹127.35 crore from Indus Towers.
The contract covers the domestic supply of lithium-ion battery banks.
The orders are scheduled for completion by May 31, 2027, unless both companies agree to extend the timeline.
The filings did not disclose the number, capacity, deployment locations, or additional financial terms for the battery banks.
HEG Advanced Materials said the transaction is not a related-party transaction.
- Who
- Replus Engitech, a subsidiary of HEG Advanced Materials, and Indus Towers.
- What
- An order worth ₹127.35 crore for supplying lithium-ion battery banks.
- Where
- The contract is domestic; specific deployment locations were not disclosed.
- When
- The order was disclosed in a regulatory filing dated October 1, 2026, with completion scheduled by May 31, 2027.
- Why
- The battery banks are to support energy storage and backup power requirements.
Key facts
- Order value
- ₹127.35 crore, including GST
- Supplier
- Replus Engitech Private Limited
- Parent company
- HEG Advanced Materials Limited
- Customer
- Indus Towers Limited
- Product
- Lithium-ion battery banks
- Completion deadline
- May 31, 2027
- Transaction status
- Not classified as a related-party transaction
Sources
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