HEG Subsidiary Secures ₹217.56 Crore Order for Lithium-Ion Battery Banks
HEG Limited's subsidiary, Replus Engitech, secured orders worth ₹217.56 Crore from Indus Towers for Lithium-Ion Battery Banks. The orders are to be executed by March 31, 2027. This is a revised disclosure to correct an omission.
The order value of ₹217.56 Crore is substantial and contributes to the company's revenue, impacting its financial performance.
The company has secured a significant order, which is positive for its business prospects.
HEG Limited announced that its subsidiary, Replus Engitech Private Limited, has received significant orders from Indus Towers Limited (formerly Bharti Infratel Limited). These orders are for the supply of Lithium-Ion Battery Banks.
The total value of these orders amounts to ₹217.56 Crore (Rupees Two Hundred Seventeen Crore Fifty Six Lakh only), inclusive of GST. The orders are from a domestic entity, and the nature of the contract is for the supply of Lithium-Ion Battery Banks.
The execution of these orders is expected to be completed on or before March 31, 2027, or any mutually agreed extended date. The company has also clarified that the promoter/promoter group/group companies do not have any interest in Indus Towers Limited, and these transactions do not fall under related party transactions. This disclosure is a revision to a previous submission to rectify an inadvertent omission regarding the mention of 'Crore' after the order value.
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.