HEG Subsidiary Secures ₹127.35 Crore Order for Lithium-Ion Battery Banks
HEG Advanced Materials' subsidiary, Replus Engitech, received orders worth ₹127.35 Crore from Indus Towers for Lithium-Ion Battery Banks. The orders are to be executed by May 31, 2027. This is a domestic order and not a related party transaction.
The order value of ₹127.35 Crore is material and expected to contribute to the subsidiary's revenue, impacting the consolidated financials.
The company has received a significant order, which is positive for its business outlook.
HEG Advanced Materials Limited (HEGAM) announced that its subsidiary, Replus Engitech Private Limited, has received orders from Indus Towers Limited (formerly Bharti Infratel Limited) for the supply of Lithium-Ion Battery Banks. The orders, awarded by a domestic entity, are for the supply of these battery banks.
The significant terms and conditions are as per general conditions stated in the purchase orders. The execution of these orders is expected to be completed on or before May 31, 2027, or any mutually agreed extended date.
The broad consideration or size of these orders amounts to ₹127.35 Crore (Rupees One Hundred Twenty Seven Crore Thirty Five Lakh only), inclusive of GST. Neither the promoter nor the promoter group or group companies have any interest in Indus Towers Limited, and the transactions do not fall under related party transactions.
What to do with a filing like this
HEG Advanced Materials 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 Advanced Materials Limited. Read the original for the full detail.