{
  "id": 8935165,
  "title": "HEG Advanced Materials surges 15% in 3 sessions on ₹218 crore order win",
  "url": "https://urgent.news/2026/09/21/heg-advanced-materials-surges-15-in-3-sessions-on-218-crore-order-win",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T13:55:20.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/heg-advanced-materials-surges-15-in-3-sessions-on-218-crore-order-win/article71491482.ece"
  },
  "original_language": "en",
  "account": "HEG Advanced Materials experienced a significant 15% increase in share price over three trading sessions due to potential benefits from a demerger and a large order win. The company's shares rose from ₹215 on September 17 to ₹248 on September 21, marking a 15% gain on the NSE. In late September, HEG announced that its subsidiary, Replus Engitech, had secured an order to supply lithium-ion battery banks to Indus Towers, with the contract valued at ₹218 crore. This order was expected to contribute to the company's growth. Furthermore, HEG's demerger is anticipated to create a new, separate listed company focused on graphite electrodes, which is currently being prepared for listing by the end of October. The original listed company, HEG Advanced Materials, will maintain its advanced materials, battery energy solutions, and green power businesses. Shareholders who held shares by the record date of September 7 will receive one share in the graphite company for each share they own in HEG Advanced Materials. The demerger is expected to result in two distinct, independently valued businesses, each with a clear strategy and the flexibility to pursue its own growth path.",
  "summary": "Last week, the company announced that its subsidiary, Replus Engitech, received orders from Indus Towers to supply lithium-ion battery banks",
  "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."
}