HEG shares rally 5% after receiving Rs 217.56 crore order from Indus Towers for lithium-ion battery banks
HEG shares rose sharply on Monday after subsidiary Replus Engitech received a Rs 217.56 crore order from Indus Towers for lithium-ion battery banks. The order is to be executed by March 31, 2027. The development comes as HEG progresses with its demerger into separate graphite electrodes and advanced materials businesses.
HEG stock prices increased by 5% on Monday, reaching a high of Rs 248.90 on the NSE. This positive movement came after Replus Engitech Private, a subsidiary of HEG, received an order from Indus Towers for the supply of Lithium-Ion Battery Banks worth Rs 217.56 crore. The order, which includes GST, is expected to be executed by March 31, 2027, or an extended date mutually agreed upon by both parties.
The transaction is not considered a related party deal, and there are no promoter or promoter group interests in the entity that awarded the order.
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