{
  "id": 12395713,
  "title": "HEG Advanced Materials surges 8% on fresh orders, demerger plans",
  "url": "https://urgent.news/2026/10/06/heg-advanced-materials-surges-8-on-fresh-orders-demerger-plans",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T13:54:14.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/companies/heg-advanced-materials-surges-8-on-fresh-orders-demerger-plans/article71551024.ece"
  },
  "original_language": "en",
  "account": "Shares of HEG Advanced Materials rose nearly 8% in Tuesday's trading session, buoyed by recent order wins and potential gains from a planned demerger into two separate companies. The stock opened at ₹235.60 on the NSE and climbed as high as ₹256.47 intraday. The surge is attributed to Replus Engitech, a subsidiary of HEG Advanced Materials, securing ₹218 crore in orders from Indus Towers for Lithium-Ion Battery Banks in September, with another order worth ₹127 crore secured on October 1. Replus and Indus Towers have also signed an agreement to collaborate on Battery Energy Storage System (BESS) solutions for telecom infrastructure, with Replus committed to providing 1.5 GWh of BESS production capacity over two years. The demerger, which separates the graphite electrodes business into a standalone company, is also expected to add value to the stock. Shareholders will receive one fully paid-up share of the graphite company for every share of HEG Advanced Materials held as of the record date on September 7. The graphite company, HEG Graphite, will be led by Ravi Jhunjhunwala, who also sits on the board of the advanced materials company in a non-executive role. HEG Advanced Materials will thereafter focus on anode materials and graphene, with plans to build a large-scale anode materials business and venture into future materials like silicon-based anodes.",
  "summary": "Under the demerger scheme, the graphite electrodes business is being carved out into HEG Graphite, which will list as a standalone graphite electrodes company by October-end",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}