Replus Engitech Secures ₹127.35 Cr Order for Lithium-Ion Battery Banks

AI Summary

HEG Advanced Materials Ltd announced that its subsidiary, Replus Engitech Private Limited, has received orders from Indus Towers Limited for the supply of Lithium-Ion Battery Banks. The total value of these orders amounts to ₹127.35 Crore, inclusive of GST. The execution of these orders is expected to be completed on or before May 31, 2027, or any mutually agreed extended date. This development signifies a significant business win for the subsidiary and contributes to the company's order book. The transaction does not involve related parties.

Key Highlights

Subsidiary Replus Engitech receives substantial order from Indus Towers.
Order value stands at ₹127.35 Crore for Lithium-Ion Battery Banks.
Execution deadline set for May 31, 2027.
Transaction is with a domestic entity and not a related party deal.

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HEG

Electrodes & Refractories

HEG LTD.

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