HEG Advanced Materials Gains on Rs. 2.18 bn Battery Bank Orders
POWER & RENEWABLE ENERGY

HEG Advanced Materials Gains on Rs. 2.18 bn Battery Bank Orders

HEG Advanced Materials rose 1.87 per cent to Rs. 243 after its subsidiary, Replus Engitech, received orders worth Rs. 2.18 bn from Indus Towers for the supply of lithium-ion battery banks. The orders are scheduled to be completed by 31 March 2027, unless the parties mutually agree to an extended deadline.

Replus Engitech supplies lithium-ion energy storage solutions for stationary storage, telecommunications and electric mobility applications. The company operates a 1 GWh automated battery manufacturing facility in Pune, with the capacity scalable to 6 GWh.

The subsidiary has deployed 100 MWh of battery energy storage system projects across India. Its operations form part of HEG Advanced Materials’ battery energy solutions business, which serves applications across the energy-storage ecosystem.

The company’s restructuring followed a composite scheme of arrangement sanctioned by the National Company Law Tribunal (NCLT). Under the scheme, HEG’s graphite electrodes business was demerged into HEG Graphite, while Bhilwara Energy was amalgamated into the existing listed entity.

The scheme became effective on 1 September 2026, and 7 September 2026 was set as the record date for determining shareholder entitlement. The restructuring created two separately listed entities, with HEG Advanced Materials retaining its advanced materials, battery energy solutions and green power businesses.

HEG Advanced Materials focuses on advanced battery materials, graphene, battery energy solutions and green power. Its activities cover research, product development and commercialisation for the electric vehicle, battery energy storage system and wider energy-storage markets.

HEG Advanced Materials rose 1.87 per cent to Rs. 243 after its subsidiary, Replus Engitech, received orders worth Rs. 2.18 bn from Indus Towers for the supply of lithium-ion battery banks. The orders are scheduled to be completed by 31 March 2027, unless the parties mutually agree to an extended deadline. Replus Engitech supplies lithium-ion energy storage solutions for stationary storage, telecommunications and electric mobility applications. The company operates a 1 GWh automated battery manufacturing facility in Pune, with the capacity scalable to 6 GWh. The subsidiary has deployed 100 MWh of battery energy storage system projects across India. Its operations form part of HEG Advanced Materials’ battery energy solutions business, which serves applications across the energy-storage ecosystem. The company’s restructuring followed a composite scheme of arrangement sanctioned by the National Company Law Tribunal (NCLT). Under the scheme, HEG’s graphite electrodes business was demerged into HEG Graphite, while Bhilwara Energy was amalgamated into the existing listed entity. The scheme became effective on 1 September 2026, and 7 September 2026 was set as the record date for determining shareholder entitlement. The restructuring created two separately listed entities, with HEG Advanced Materials retaining its advanced materials, battery energy solutions and green power businesses. HEG Advanced Materials focuses on advanced battery materials, graphene, battery energy solutions and green power. Its activities cover research, product development and commercialisation for the electric vehicle, battery energy storage system and wider energy-storage markets.

Related Stories

Gold Stories

Next Story
Products

Smarten Power Systems H1 revenue rises 77 per cent to Rs 2.05 billion

Smarten Power Systems reported a 77.4 per cent year-on-year increase in consolidated revenue from operations to Rs 2.05 billion in H1 FY27, compared with Rs 1.15 billion in the corresponding period last year.Consolidated profit after tax (PAT) rose 103.8 per cent to Rs 119.9 million, against Rs 58.8 million in H1 FY26. Profit before tax (PBT) increased 111.9 per cent to Rs 158.3 million from Rs 74.7 million. Earnings per share stood at Rs 6.31, compared with Rs 3.09 a year earlier.On a standalone basis, revenue from operations grew 87 per cent to Rs 2.01 billion from Rs 1.08 billion in H1 FY26..

Next Story
Products

Godrej launches face recognition home locker and video door phone

Godrej Enterprises Group has launched two residential security products with facial recognition technology: the NX Pro Ncrypt Home Locker and the SEETHRU Third-i Multi Apartment Video Door Phone. The products extend facial authentication to individual homes and residential communities.The NX Pro Ncrypt Home Locker combines facial recognition with fingerprint authentication and digital PIN access. It uses encrypted facial templates secured through 128-bit AES encryption and infrared-enabled recognition. The locker can store up to 19 facial profiles, 49 fingerprints and 19 user codes.The SEETHRU..

Next Story
Equipment

“Road maintenance technologies will play a bigger role in India.”

Interview with Magesh Swaminathan, CEO, Infraserve GlobalInfraserve Global was recently launched as a separate brand. Could you tell us more about the company and its journey?InfraServe Global (ISG) is part of the Gainwell Group, which carries an 82-year legacy in the construction equipment sector through its Caterpillar dealership, TIL cranes and other product lines. ISG earlier operated as the Allied Business division out of our Pune facility and has now been carved out into a dedicated business entity — InfraServe Global.ISG has been officially launched at bauma CONEXPO India, marking a n..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code