HEG Advanced Materials Arm Bags ₹127.35 Crore Order, Replus Engitech To Supply Lithium-Ion Battery Banks To Indus Towers
Mumbai: HEG Advanced Materials Limited said its subsidiary Replus Engitech Private Limited has received orders worth Rs 127.35 crore from Indus Towers Limited for supplying lithium-ion battery banks. The company informed the stock exchanges about the development in a regulatory filing dated October 1. Replus Engitech is a subsidiary of HEG Advanced Materials, formerly known as HEG Limited. Order…
Mumbai - HEG Advanced Materials Limited disclosed a significant contract with Indus Towers Limited for the supply of lithium-ion battery banks, valued at Rs 127.35 crore. The announcement was made in a regulatory filing on October 1. Replus Engitech Private Limited, a subsidiary of HEG Advanced Materials, was awarded this contract.
The order, inclusive of GST, pertains to the domestic supply of lithium-ion battery banks and falls under the battery energy solutions segment. Replus Engitech is projected to fulfill these orders by the end of May 2027, although this timeline could be extended with mutual agreement. The company refrained from disclosing specifics regarding the number or capacity of the battery banks.
It was also clarified that neither Replus Engitech's promoters nor any of its group companies hold any stake in Indus Towers.
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