HLE Glascoat Subsidiary Secures USD 42-48M Energy Storage Order
HLE Glascoat Limited announced that its subsidiary, Kinam Engineering Industries Private Limited, has received an order from a leading international entity in the Energy Storage Sector. The order is for the design, engineering, manufacturing, testing, and supply of Specialized Shell and Tube Heat Exchangers and associated Process Equipment for a large-scale energy storage project in North America. The aggregate value of the order is approximately USD 42 to 48 Million, with execution expected progressively through November 2028. The customer's identity is withheld due to commercial confidentiality. This significant international contract underscores the subsidiary's capabilities in a growing sector.
Key Highlights
- Subsidiary secured international order worth USD 42-48 Million.
- Order is for specialized heat exchangers for energy storage project.
- Project execution expected to be completed by November 2028.
- Customer identity withheld due to commercial sensitivity.
- Order highlights subsidiary's capabilities in the energy sector.
Price Impact
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