HEG Advanced Materials gains as its arm signs MoU with Indus Towers
HEG Advanced Materials is currently trading at Rs. 240.35, up by 1.70 points or 0.71% from its previous closing of Rs. 238.65 on the BSE.
The scrip opened at Rs. 240.65 and has touched a high and low of Rs. 250.00 and Rs. 239.75 respectively. So far 133462 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 278.20 on 07-Sep-2026 and a 52 week low of Rs. 168.98 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 251.75 and Rs. 231.55 respectively. The current market cap of the company is Rs. 4667.16 crore.
The promoters holding in the company stood at 56.28%, while Institutions and Non-Institutions held 17.72% and 25.99% respectively.
HEG Advanced Materials’ subsidiary -- Replus Engitech (Replus) and Indus Towers, one of India’s leading telecom infrastructure companies, have signed a Memorandum of Understanding (MoU) outlining the intent to explore collaboration on Battery Energy Storage System (BESS) solutions for telecom infrastructure in India.
Under the MoU, Replus intends to make available dedicated BESS production capacity of 1.5 GWh over a two-year period to support the evolving energy requirements of telecom infrastructure. Replus also plans to expand its portfolio of telecom energy storage solutions, including higher-capacity battery systems, while exploring emerging technologies such as sodium-ion batteries that can enhance reliability, energy efficiency and lifecycle performance across telecom applications.
