HEG Advanced Materials Ltd has announced that its subsidiary, Replus Engitech Private Ltd, has received a supply order worth ₹217.56 crore, including GST, from Indus Towers Limited for lithium-ion battery banks.
According to the company’s regulatory filing, the order is scheduled to be executed on or before March 31, 2027, unless the two parties mutually agree to extend the timeline.
The order strengthens HEG Advanced Materials’ presence in the battery energy solutions segment, with the company supplying lithium-ion battery banks for telecom infrastructure. Indus Towers operates a large telecom infrastructure network, where reliable backup power and energy storage systems are required to support uninterrupted operations.
The development comes shortly after the demerger of HEG Ltd, which became effective on September 1. Under the restructuring, the company’s businesses were separated into distinct entities to create focused operations across different business segments.
Following the demerger, the existing listed entity was renamed HEG Advanced Materials Ltd. The company now houses its advanced materials, battery energy solutions and green power businesses, along with the amalgamated Bhilwara Energy.
Meanwhile, the graphite electrode business was transferred to a separate entity, HEG Graphite Ltd, which is expected to be separately listed on the NSE and BSE. The restructuring is intended to establish separate corporate structures for the company’s graphite electrode and advanced materials-related businesses.
The lithium-ion battery order from Indus Towers comes as HEG Advanced Materials expands its activities in the battery energy solutions segment. Through its subsidiary Replus Engitech, the company is involved in battery-related products and solutions serving industrial and energy applications.
The order also adds to the company’s business activity following the completion of the corporate restructuring. The supply is expected to be completed within the agreed schedule, subject to any mutually agreed extension between HEG Advanced Materials’ subsidiary and Indus Towers.
The development highlights the growing role of lithium-ion battery systems in telecom infrastructure, where energy storage can support backup power requirements and help maintain network operations.
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