Shares of HEG Advanced Materials Limited surged up to 5% to hit the upper price circuit following the announcement that its step-down subsidiary, Replus Engitech, secured a major ₹217.56 crore order from telecom infrastructure giant Indus Towers. The domestic contract for the supply and installation of advanced Lithium-Ion Battery Banks provides a strong commercial boost to the company's clean technology expansion following its recent corporate demerger. Market Reaction & Price MovementThe stock opened with significant bullish momentum on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), rapidly touching its 5% upper circuit limit as buyers locked in orders. Trading activity spiked significantly compared to multi-week averages as market participants digested the regulatory disclosure submitted under SEBI (LODR) guidelines.Stock MetricDetail / ValueListed Entity NameHEG Advanced Materials Limited (formerly HEG Ltd)Subsidiary EntityReplus Engitech Private LimitedPrice ActionLocked in 5% Upper CircuitMarket Capitalization~₹4,600 CroreOrder Value₹217.56 Crore (inclusive of GST)Key Order Details: Indus Towers ContractThe contract marks one of the largest single commercial orders bagged by Replus Engitech in the telecom energy storage solutions (ESS) sector.Scope of Work: Supply, installation, and commissioning of high-density Lithium-Ion Battery Banks across Indus Towers' widespread network of telecommunication sites.Execution Timeline: The entire project order is scheduled to be completed by March 31, 2027. Strategic Value: Replacing traditional diesel generators with lithium-ion battery backups allows telecom infrastructure providers to lower operating expenses, curb carbon emissions, and streamline network reliability. Post-Demerger Transformation & Growth OutlookThe ₹217.56 crore order serves as a major commercial validation for HEG Advanced Materials, coming shortly after its massive corporate restructuring. Corporate Restructuring: Effective September 2026, the company completed a demerger that separated its legacy graphite electrodes manufacturing business into a newly formed unit (HEG Graphite Ltd). Strategic Pivot: The parent listed entity was renamed HEG Advanced Materials Limited to focus exclusively on clean-tech verticals, including energy storage systems (ESS), battery solutions, and green materials. Execution Base: Replus Engitech is currently building out its production footprint toward a targeted 6 GWh manufacturing capacity for battery energy storage solutions, positioning it to capture expanding demand from industrial, telecom, and utility-scale customers. This tier-1 contract from Indus Towers provides immediate revenue visibility and establishes an execution track record for HEG Advanced Materials as an independent clean-technology pure-play. Also Read :- Jaiprakash Power Ventures Share Price Jumps 12%: What’s Driving the Rally?Disclaimer: This article is published for informational and educational purposes only and should not be construed as financial, investment, or trading advice. The views, opinions, estimates, and recommendations, if any, are those of the respective analysts, experts, or brokerage firms cited and do not necessarily reflect the views of Bumppy News. Readers are advised to conduct their own research and consult a SEBI-registered financial advisor or other qualified professional before making any investment or financial decisions. Investments in securities and financial markets are subject to market risks.
