HEG Advanced Materials Posts Rs209 Crore Q2 Profit, Plans Rs2,581 Crore Capex to Lift Anode Capacity to 44,000 MT
India, Nov. 4 -- Every electric vehicle and grid battery has a graphite anode inside, and most of the world's supply of that material comes from a single country. As India builds its own cell factories, the materials feeding them have become a matter of national interest.
The Nifty 50 was trading at 23,765.45, down 0.19%. Meanwhile, Sensex also rose 0.13% to 76,820.75 on Wednesday. Meanwhile, Shares of HEG Advanced Materials Ltd. were trading at Rs. 259.45, up 7.77 percent from previous close of Rs. 240.75. The stock opened at Rs. 249.95 and reached an intraday high of Rs. 266.80 and low of Rs. 249.90. The company currently has a market capitalization of Rs. 8,548 crores.
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HEG Advanced Materials' board met on 3 November,...
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