HEG Advanced Materials Subsidiary Replus Engitech Signs MoU with Indus Towers for BESS Solutions
HEG Advanced Materials' subsidiary, Replus Engitech, signed an MoU with Indus Towers to explore Battery Energy Storage System (BESS) solutions for telecom infrastructure. Replus will provide 1.5 GWh BESS production capacity over two years and explore new battery technologies. This collaboration aims to strengthen India's energy storage ecosystem.
The collaboration involves a significant capacity commitment (1.5 GWh) and exploration of new technologies, which could have a material impact on the subsidiary's business and HEGAM's diversification into the energy storage sector. However, the impact is currently exploratory (MoU) and spread over two years.
The announcement details a strategic partnership aimed at developing new energy storage solutions for the critical telecom infrastructure sector, indicating positive future growth prospects and technological advancement.
HEG Advanced Materials Limited (HEGAM) announced that its subsidiary, Replus Engitech Private Limited, has signed a Memorandum of Understanding (MoU) with Indus Towers Limited. This collaboration aims to explore the development and deployment of Battery Energy Storage System (BESS) solutions specifically for telecom infrastructure in India.
Under the terms of the MoU, Replus Engitech commits to making available a dedicated BESS production capacity of 1.5 GWh over a two-year period. This capacity will support the increasing energy demands of telecom infrastructure. Furthermore, Replus plans to enhance its range of telecom energy storage solutions, including higher-capacity battery systems, and investigate emerging technologies like sodium-ion batteries to improve reliability, energy efficiency, and the overall lifecycle performance in telecom applications.
Riju Jhunjhunwala, Chairman, Managing Director, and CEO of HEG Advanced Materials Limited, highlighted the opportunity to build a robust, 'made-in-India' energy storage ecosystem for critical infrastructure. He emphasized Replus's role in developing the necessary manufacturing scale, technological capabilities, and innovation platform to meet evolving requirements and contribute to India's energy transition. Hiren Pravin Shah, Managing Director & CEO of Replus Engitech Private Limited, added that the initiative is about more than just supplying batteries; it involves building manufacturing scale and technology capabilities to address the evolving energy needs of telecom infrastructure, aiming to combine innovation, reliability, and Indian engineering for future-ready energy storage solutions. By strengthening domestic manufacturing and advancing next-generation battery technologies, Replus aims to foster a resilient indigenous energy storage ecosystem while supporting the Indian telecom sector.
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HEG Advanced Materials Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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