Shares of HEG rallied up to 5% on Monday to day’s high of Rs 248.90 on NSE after the company said that Replus Engitech Private, a subsidiary of the company, received orders from Indus Towers (formerly Bharti Infratel Limited) for the supply of Lithium-Ion Battery Banks worth Rs 217.56 crore.
According to the filing with the exchange, the company said that Replus Engitech Private, a subsidiary of the company, has been awarded by a domestic entity for supply of Lithium-Ion battery banks. The broad consideration or size of the order(s)/contract(s) which is Rs 217.56 crore is inclusive of GST.
