HEG Subsidiary Replus Engitech Secures ₹217.56 Crore Order from Indus Towers
HEG's subsidiary, Replus Engitech, received orders worth ₹217.56 Crore from Indus Towers for Lithium-Ion Battery Banks. The orders are to be executed by March 31, 2027. This marks a significant business win for the subsidiary.
The order value of ₹217.56 Crore is substantial and represents a new business stream for the subsidiary, contributing to the company's overall revenue and market presence.
The announcement details a significant new order for a subsidiary, indicating business growth and expansion, which is a positive development.
HEG Limited announced that its subsidiary, Replus Engitech Private Limited, has received significant orders from Indus Towers Limited (formerly Bharti Infratel Limited). The orders are for the supply of Lithium-Ion Battery Banks.
The total value of these orders amounts to ₹217.56 Crore, inclusive of GST. The contracts are expected to be executed on or before March 31, 2027, with the possibility of mutually agreed extensions. The orders have been awarded by a domestic entity, and HEG Limited, along with its promoter group, has no interest in Indus Towers Limited. Furthermore, these transactions do not fall under related party transactions, ensuring they are conducted at arm's length.
This development signifies a substantial business win for HEG's subsidiary and highlights its growing role in the energy storage solutions sector.
What to do with a filing like this
HEG Limited filed this with the NSE as a statutory disclosure, categorised under new orders. 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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See the model portfoliosA plain-language summary of a public exchange filing by HEG Limited. Read the original for the full detail.