HEG Limited has informed the Exchange regarding a press release dated August 13, 2025, titled "Update on Wholly Owned Subsidiary".
HEG · price
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Awaiting price reaction for this filing.
HEG Limited's wholly owned subsidiary TACC Limited has signed a Memorandum of Agreement with the Central Road Research Institute (CRRI), part of CSIR, to develop graphene-enhanced road pavements in India. This is described as the first-of-its-kind project at this scale in India, combining TACC's graphene additive technology with CRRI's expertise in concrete and asphalt pavement engineering. The partnership aims to deliver stronger, more durable roads while reducing binder usage and carbon emissions, aligning with India's Net Zero vision. TACC is an innovation-driven venture of the LNJ Bhilwara Group specializing in synthetic graphite and graphene derivatives.
Positive sentiment for HEG as it showcases innovative R&D by its subsidiary in a high-potential area (graphene applications in infrastructure), though near-term financial impact is likely limited as the project appears to be in early collaboration stages without disclosed commercial terms or revenue expectations.