HEG shines on incorporating wholly owned subsidiary company
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HEG is currently trading at Rs. 1033.55, up by 68.65 points or 7.11% from its previous closing of Rs. 964.90 on the BSE.
The scrip opened at Rs. 984.00 and has touched a high and low of Rs. 1043.60 and Rs. 984.00 respectively. So far 27921 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1944.75 on 13-Jan-2022 and a 52 week low of Rs. 891.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1066.65 and Rs. 932.05 respectively. The current market cap of the company is Rs. 3724.08 crore.
The promoters holding in the company stood at 55.13%, while Institutions and Non-Institutions held 14.19% and 30.67% respectively.
HEG has incorporated wholly owned subsidiary company namely ‘TACC’ on December 26, 2022. The company has incorporated wholly owned subsidiary is to produce graphite anode for lithium ion cells and other advanced carbon and anode materials for various energy storage systems and materials manufacturing for green energy technologies mainly focusing on carbon and graphite based materials as anode to contribute to the sustainability and technological advancement of the global energy ecosystem and to research and develop next-generation graphite or anode and its specialized derivative materials for clean energy storage and conversion technologies beginning with anode for Li - ion batteries including but not limited to fuel cells and electrolyzes.
HEG is a leading manufacturer and exporter of graphite electrodes in India and operates world's largest single-site integrated graphite electrodes plant.
