India, Oct. 2 -- HEG Advanced Materials has said its subsidiary, Replus Engitech, has received an order worth Rs 127.35 crore from Indus Towers for the supply of lithium-ion battery banks. In an exchange filing on 1 October, HEG Advanced Materials said the order is to be executed by 31 May 2027.

The order is the second that Replus Engitech has received from Indus Towers this month. On 18 September, HEG Advanced Materials disclosed an order worth Rs 217.56 crore from Indus Towers for the supply of lithium-ion battery banks, with execution scheduled by 31 March 2027. Together, the two orders are worth Rs 344.91 crore.

The latest order comes after Replus Engitech and Indus Towers signed a memorandum of understanding (MoU) to explore collab...