Subsidiary Replus Engitech wins Rs 217.56 crore order from Indus Towers for battery banks

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HEG · price

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Price reactionminutes from the announcement price · days from the prior close

+4.8%Reaction day

₹237.05

prior close

₹243.85

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.0%+4.9% vs market

Electrodes & Refractories peers, median of 9sector-0.8%+5.6% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Smallcap 250 and 5.6 pts more than its Electrodes & Refractories peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+2.1

15m

+2.1

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.8-0.0+4.9-0.8+5.6

Next day

-2.5-0.1-2.4-0.2-2.3

+0.7+0.7+0.0-0.3+1.0

-0.5-0.7+0.2-0.2-0.3

+3.3-0.7+4.0-0.2+3.6

+2.0-2.3+4.3-2.9+4.9

+0.1-2.7+2.7-2.9+3.0

15d

-3.4-2.5-0.9-3.6+0.3

-11.5-6.8-4.7-8.6-2.9

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

HEG's subsidiary Replus Engitech has received orders worth Rs 217.56 crore inclusive of GST from Indus Towers for supply of Lithium-Ion Battery Banks. The orders are domestic and to be executed by March 31, 2027. Indus Towers, formerly Bharti Infratel, is a major telecom tower operator in India. The transaction is not a related party transaction.

Likely market impact

Significant order win for subsidiary, signals HEG's expansion into lithium-ion battery segment beyond core graphite electrode business.