HEG Subsidiary Replus Engitech Secures ₹217.56 Cr Order

AI Summary

HEG 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 ₹217.56 Crores, inclusive of GST. The execution of these orders is expected to be completed on or before March 31, 2027, or a mutually agreed extended date. This development signifies a significant business win for the subsidiary and is expected to contribute to HEG Ltd's overall revenue.

Key Highlights

Subsidiary Replus Engitech receives substantial order from Indus Towers.
Order value stands at ₹217.56 Crores for Lithium-Ion Battery Banks.
Execution deadline is March 31, 2027, with potential extensions.
Transaction is with a domestic entity and not a related party transaction.

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