HEG Advanced jumps up

HEG Advanced jumps up

By Ruma Dubey
about 4 days ago

HEG Advanced Materials rose 2.43% to Rs. 244.35 on the BSE after its subsidiary won a lithium-ion battery order from Indus Towers. The stock opened at Rs. 244.95 against the previous close of Rs. 238.55 and touched an intraday high of Rs. 250.25, close to its 5% upper price band of Rs. 250.45. Market cap stood at Rs. 4,715.41 crore, with turnover at Rs. 3.22 crore.

Trigger

  • Subsidiary Replus Engitech has received orders from Indus Towers for lithium-ion battery banks.
  • Order value is Rs. 217.56 crore, including GST.
  • Order execution is expected on or before March 31, 2027, unless extended by mutual agreement.
  • The order strengthens HEG Advanced Materials’ presence in battery energy solutions.
  • HEG has recently completed its demerger, separating advanced materials/battery/green power from graphite electrodes.
  • HEG Graphite, the demerged graphite electrode business, is expected to list separately in the second half of October 2026.

The market is looking at this order as proof that the post-demerger HEG Advanced Materials is not just a residual entity, but a focused advanced materials and energy-storage play. Replus Engitech’s Indus Towers order puts the company directly into telecom energy storage, where lithium-ion battery banks are used for power backup and efficiency across tower infrastructure.

The demerger is important because investors now get two separate stories. HEG Advanced Materials will house advanced materials, battery energy solutions and green power businesses, while HEG Graphite will become the pure-play graphite electrode company after its expected listing. Shareholders are to receive one share in HEG Graphite for every share held in HEG Advanced Materials on the record date.

The longer-term story is also linked to HEG’s Rs. 5,500 crore growth plan after the demerger. The company is targeting synthetic graphite anode materials, battery energy solutions and green power, with anode capacity planned to scale up to 60,000 tonnes by FY32. That is why the Street is viewing the Indus Towers order as an early validation of the new business direction, not just a one-off order.