HEG Advanced Materials Limited has appointed Riju Jhunjhunwala as Chairman of Malana Power Company Limited (MPCL) and AD Hydropower Limited (ADHPL), effective October 26, 2026. Both companies are part of the LNJ Bhilwara Group, owned through HEG Advanced Materials Limited. This strategic move aligns the leadership of the Group’s hydropower companies with HEG’s advanced materials and green power businesses.

Leadership Transition

Mr. Ravi Jhunjhunwala will continue to serve as the Managing Director of MPCL and will remain on both Boards, ensuring continuity and guidance. Riju Jhunjhunwala, who is also the Chairman, Managing Director, and CEO of HEG Advanced Materials Limited, brings extensive expertise in advanced battery materials and green power solutions.

Strategic Importance

Commenting on the appointment, Riju Jhunjhunwala stated, “MPCL and ADHPL are among the Group’s longest-standing clean energy assets, and the speed with which Malana was built remains a benchmark for hydropower in India. Hydropower provides the kind of reliable, renewable generation that will become more valuable as India adds more solar and wind capacity. I look forward to working with the Boards and the teams to run these assets well and to strengthen their role within HEG Advanced Materials’ green power platform.”

Mr. Ravi Jhunjhunwala added, “MPCL and ADHPL were built in some of the most challenging terrain in the country, and their teams have run them with real commitment, delivering reliable clean power for years. With Riju as Chairman, the companies will build further on that strong foundation within HEG Advanced Materials. I remain fully engaged with both Boards and look forward to supporting their next phase of growth.”

As HEG Advanced Materials Limited continues to expand its green power platform, this leadership change is expected to further enhance the company’s capabilities in renewable energy and advanced materials.

Source: NSE Corporate Announcement

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HEG Advanced Materials Limited (HEGAM) has announced a significant collaboration with Indus Towers Limited to explore Battery Energy Storage System (BESS) solutions for telecom infrastructure in India. This strategic partnership aims to leverage Replus Engitech Private Limited’s dedicated BESS production capacity of 1.5 GWh over a two-year period to meet the evolving energy requirements of telecom infrastructure. This initiative reflects HEG’s commitment to building a strong, made-in-India energy storage ecosystem for critical infrastructure.

Strengthening Domestic Manufacturing

By strengthening domestic manufacturing capabilities and advancing next-generation battery technologies, Replus aims to contribute to a more resilient indigenous energy storage ecosystem while supporting the evolving requirements of India’s telecom sector. Riju Jhunjhunwala, Chairman, Managing Director, and CEO of HEG Advanced Materials Limited, emphasized the opportunity to build a robust energy storage ecosystem through this collaboration.

Innovation and Future-Ready Solutions

Hiren Pravin Shah, Managing Director & CEO of Replus Engitech Private Limited, highlighted the ambition to combine innovation, reliability, and Indian engineering to create future-ready energy storage solutions. This collaboration is set to expand Replus’s portfolio of telecom energy storage solutions, including higher-capacity battery systems and emerging technologies such as sodium-ion batteries.

As a result, Replus Engitech and Indus Towers are poised to make significant strides in advancing India’s clean energy transition through scalable and innovative energy storage solutions.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of HEG Advanced Materials Limited

HEG Advanced Materials Limited. Here’s a quick read on where the business and the stock stand today.

Symbol HEGAM not found in TradeAlone database.