HEG shares rally 5% after receiving Rs 217.56 crore order from Indus Towers for lithium-ion battery banks
A energy transition development with market-wide reach.
21 Sept 2026 · ET Stocks, Economic Times Markets
HEG shares rose sharply on Monday after subsidiary Replus Engitech received a Rs 217.56 crore order from Indus Towers for lithium-ion battery banks. The order is to be executed by March 31, 2027. The development comes as HEG progresses with its demerger into separate graphite electrodes and advanced materials businesses.
Key facts
- Dates in focus
- March 31
The analysis
The shift to renewables is redrawing which energy names are structural winners versus stranded.
Market context
- Sector exposure: Banks.
- The immediate tone of coverage reads positive.
In this story
Related coverage
Invesco and Motilal Oswal lead AUM growth in Q2 FY27, shows data
Jefferies increases weight in Reliance, 2 others; trims weight in 3 stocks in latest model portfolio changes. See list
PNB, Kotak Mahindra Bank, other bank stocks rise up to 2% after RBI’s rate hike, Nifty Bank above 55,500
Axis, AU Bank, PNB: Brokerages identify 5 bank stocks after RBI hikes rate
HDFC Bank shares drop 15% in 3 months since Q1 results. Will Q2 earnings bring redemption as leadership cloud clears?