HEG Advanced Materials Limited (HEGAM)
📢 Recent Corporate Announcements
Replus Engitech Private Limited, a subsidiary of HEG Advanced Materials Limited, has received a domestic order valued at Rs 127.35 Crore (inclusive of GST) from Indus Towers Limited. The contract entails the supply of Lithium-Ion Battery Banks. Execution of the order is scheduled to be completed on or before May 31, 2027. The transaction does not involve promoter interest or qualify as a related party deal.
- Order size stands at Rs 127.35 Crore, inclusive of GST
- Awarded to subsidiary Replus Engitech Private Limited by Indus Towers Limited
- Scope involves the supply of Lithium-Ion Battery Banks
- Execution timeline set on or before May 31, 2027
Replus Engitech Private Limited, a subsidiary of HEG Advanced Materials Limited (HEGAM), has signed a Memorandum of Understanding (MoU) with Indus Towers Limited to collaborate on Battery Energy Storage System (BESS) solutions. Under the agreement, Replus plans to provide a dedicated BESS production capacity of 1.5 GWh over a two-year period to meet telecom infrastructure needs. Additionally, the partnership aims to explore emerging chemistries like sodium-ion batteries and higher-capacity systems. While execution details and commercial deal values remain undisclosed, the tie-up represents a sizeable volume pipeline for HEGAM's clean energy subsidiary.
- Replus Engitech signed an MoU with Indus Towers to explore BESS solutions for telecom infrastructure
- Intends to dedicate 1.5 GWh of BESS production capacity over a 2-year period
- Replus has already deployed over 1 GWh of cumulative energy storage capacity across diverse sectors
- Collaboration will explore next-gen technologies including sodium-ion batteries
HEG Advanced Materials Limited (formerly HEG Limited) announced the cost of acquisition apportionment ratio post its Composite Scheme of Arrangement. For shareholders calculating capital gains tax, 72.40% of the pre-demerger acquisition cost is apportioned to HEG Graphite Limited and 27.60% to HEG Advanced Materials Limited. Pursuant to the demerger approved by NCLT Indore on August 13, 2026, eligible shareholders were allotted 1 equity share of Rs 2 each of HEG Graphite for every 1 equity share of Rs 2 held as of September 7, 2026. The allotment of shares was completed on September 11, 2026.
- Cost of acquisition split fixed at 72.40% for HEG Graphite Limited and 27.60% for HEG Advanced Materials Limited
- Share entitlement ratio executed at 1:1 (1 share of Rs 2 each of HEG Graphite for every 1 share of Rs 2 held in Demerged Company)
- Record date for demerger was September 7, 2026, and shares were allotted on September 11, 2026
- Composite Scheme of Arrangement was sanctioned by NCLT Indore Bench on August 13, 2026
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