HEG Advanced Materials jumps on ₹218 crore Indus Towers order
HEG Advanced Materials surged nearly 15% over three sessions after winning a ₹218 crore order to supply lithium-ion battery banks to Indus Towers, with gains also linked to potential effects from a demerger.
Shares of HEG Advanced Materials, formerly known as HEG Ltd, rose nearly 15 per cent over the last three trading sessions, boosted by expected benefits from the company’s demerger and after it won a ₹218 crore order to supply lithium-ion battery banks to Indus Towers. The shares were up after the order announcement and the demerger-linked move.