HEG
Heg Limited: TACC Limited Signs MOU with NUS I-FIM for Advanced Materials Collaboration
HEG Limited’s TACC Limited signs MOU with NUS I-FIM to advance advanced materials science, nanotechnology, and commercialization.
HEG Limited’s TACC Limited has signed a Memorandum of Understanding (MOU) with the Institute for Functional Intelligent Materials (I-FIM) at the National University of Singapore (NUS) to collaborate on advanced materials science, nanotechnology, and commercialization. This strategic partnership aims to accelerate the development, validation, and commercialization of next-generation advanced materials technologies, including graphene and other functional nanomaterials.
Strategic Collaboration
The MOU establishes a framework for long-term cooperation between TACC and NUS I-FIM, combining TACC’s industrial and commercialization capabilities with NUS’ globally recognized scientific research expertise. The collaboration focuses on several strategic areas, including research and innovation in advanced functional materials, translating laboratory research into industrial applications, and developing commercialization pathways.
Accelerating Innovation
The partnership seeks to build a cross-border innovation bridge connecting the Singapore and India innovation ecosystems. It aims to leverage AI and laboratory automation for the development of novel advanced functional materials. This collaboration is expected to strengthen India’s position in advanced materials, addressing global needs in sectors such as energy storage, electronics, and industrial manufacturing.
Future Prospects
Mr. Ankur Khaitan, MD & CEO, TACC Limited, emphasized the importance of this collaboration in accelerating technology maturity and creating tangible commercialization pathways. Professor Sir Konstantin Novoselov, Director of NUS I-FIM, highlighted the potential of graphene and the necessity of strong collaboration between academia and industry to translate scientific research into scalable technologies.
This MOU marks the beginning of a significant, long-term collaboration that will contribute to the development of globally relevant advanced material solutions, addressing the evolving needs of future industries.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HEG Limited
HEG Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
HEG moves sideways over three months, with neither buyers nor sellers taking control. Revenue contracts at -0.4% CAGR. That signals structural headwinds, not a short-term blip. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 44% of its 52-week range with RSI at 38. In other words, neither side has a clear edge right now. Revenue grows at -0.4% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of HEG Limited.
HEG
Heg Limited Rebranded as HEG Advanced Materials Limited Following Scheme Approval
HEG Limited rebrands to HEG Advanced Materials Limited; scheme approved by NCLT; graphite electrodes business demerged into HEG Graphite Limited.
HEG Limited has been renamed as “HEG Advanced Materials Limited” with effect from 2 September 2026, following the issuance of a fresh Certificate of Incorporation by the Registrar of Companies, Gwalior, M.P. This change of name follows the Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Indore Bench, vide its order dated 13 August 2026. The Scheme became effective on 1 September 2026, while the Record Date for shareholder entitlement is 07 September 2026.
Reorganisation and Demerger
Under the Scheme, HEG Limited reorganises into two separately listed entities. The demerged graphite electrodes business will form HEG Graphite Limited, which will be listed on BSE and NSE in ~45 days (in the second half of October). The reorganisation gives each business an independent listing, a focused management, and the flexibility to pursue its own growth path.
Shareholder Entitlement
Shareholders of HEG Advanced Materials Limited (formerly HEG Limited) as on the Record Date will receive one fully paid-up equity share of face value Rs. 2 each in the graphite company for every one fully paid-up equity share of face value Rs. 2 each held in HEG Advanced Materials Limited, a one-for-one (1:1) entitlement on a mirror basis. Under the amalgamation, HEG Advanced Materials Limited will issue eight equity shares of face value Rs. 2 each to existing shareholders of Bhilwara Energy Limited (except to the HEG Advanced Materials Limited) for every seven equity shares of face value Rs. 10 each held in Bhilwara Energy Limited.
Mr. Ravi Jhunjhunwala will continue to lead the graphite company as Chairman, Managing Director, and Chief Executive Officer with effect from 1 September 2026, and will continue on the board of HEG Advanced Materials Limited in a non-executive capacity. Mr. Riju Jhunjhunwala has been elevated to Chairman, Managing Director, and Chief Executive Officer of HEG Advanced Materials Limited for a five-year term, subject to shareholders’ approval and will also be on the Board of HEG Graphite Limited in a non-executive capacity.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HEG Limited
HEG Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
HEG gains 29.7% over three months and trades near its 52-week highs. Revenue contracts at 1.6% CAGR. That signals structural headwinds, not a short-term blip. No meaningful dividend — total return is entirely dependent on capital appreciation. Buyers show up with 3.2x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. The stock rises 29.7% in three months. Yet revenue grows at only 1.6% and the PEG stands at 99.00. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of HEG Limited.
HEG
Heg Limited Demerger to Take Effect from September 1, 2026
HEG Limited announces demerger effective from September 1, 2026, with record date fixed for September 7; new leadership appointments revealed.
On August 25, 2026, HEG Limited (NSE: HEG) announced the final steps for its Composite Scheme of Arrangement, set to create two independent listed entities effective from September 1, 2026. The record date for shareholder entitlement has been fixed for September 7, 2026.
Leadership Changes
Pursuant to the Scheme, Mr. Ravi Jhunjhunwala will lead HEG Graphite Limited as Chairman, Managing Director, and CEO, starting from September 1, 2026. He will also remain on the board of HEG Advanced Materials Limited in a non-executive capacity. Mr. Riju Jhunjhunwala has been elevated to the positions of Chairman, Managing Director, and CEO of HEG Advanced Materials Limited for a five-year term, subject to shareholder approval.
Company Structure
Under the demerger, shareholders of HEG as on the Record Date will receive one fully paid-up equity share of face value ₹2 in the resulting company for every one equity share of face value ₹2 held in HEG. Bhilwara Energy Limited will be amalgamated into HEG, with HEG issuing eight equity shares of face value ₹2 for every seven equity shares of face value ₹10 held in Bhilwara Energy Limited. The Company’s graphite electrodes business will move into HEG Graphite Limited, which is proposed to be renamed HEG Limited. The existing listed entity will retain the advanced materials, battery energy solutions, and green power businesses and is proposed to be renamed HEG Advanced Materials Limited.
Both name changes are subject to the approval of the Registrar of Companies and other statutory authorities. The changes are procedural in nature and are not connected to the performance or operations of either business.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HEG Limited
HEG Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
HEG rises 12.2% over three months, with buying pressure holding steady. Revenue contracts at 1.6% CAGR. That signals structural headwinds, not a short-term blip. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI hits 72, a level that signals the stock runs hot. Notably, buyers drove volume on 17 recent sessions — though at these levels, some profit-taking is normal. Price climbs recently despite 1.6% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of HEG Limited.
HEG
Heg Limited (NSE: HEG) Q1 FY27: Consolidated Profit After Tax Rises 22.6% Yoy to INR 122.34 Cr
HEG Limited (NSE: HEG) reports a 22.6% YoY rise in consolidated profit after tax to INR 122.34 Cr for Q1 FY27.
HEG Limited (NSE: HEG), part of the LNJ Bhilwara Group, today announced its unaudited standalone and consolidated financial results for the first quarter of financial year 2026-27 (Q1 FY27), ended June 30, 2026. The consolidated profit after tax rose 22.6% year-on-year to INR 122.34 crore in Q1 FY27, while revenue from continuing operations increased 11.1% to INR 680.79 crore. The improvement reflects the company’s focus on operational excellence and disciplined execution across the business.
Segment Performance
The graphite electrode segment, the company’s principal business, remained the primary driver of growth. Standalone graphite segment revenue was INR 677.77 crore for Q1 FY27, up 11.3%, while segment results more than doubled to INR 149.64 crore in June 2026 quarter. The power segment contributed segment revenue of INR 3.14 crore for the June 2026 quarter, with generation intermittent in the first quarter and ramping up with the monsoon in the second quarter.
Financial Highlights
Consolidated profit before tax, including the company’s INR 30.50 crore share of profit from associates, rose 36.1 percent to INR 165.08 crore in June 2026 quarter. Consolidated basic earnings per share from continuing operations rose to INR 6.34 in June 2026 quarter from INR 5.17 a year earlier. The company’s total assets stood at INR 6,333.97 crore as at June 30, 2026, against total liabilities of INR 1,453.78 crore.
As we move ahead, HEG Limited remains committed to creating long-term value through prudent capital allocation, operational resilience, and sustained investments in technology, sustainability, and growth opportunities.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of HEG Limited
HEG Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
HEG holds in the upper half of its 52-week range, a sign the market backs the stock. The PEG of 0.73 signals undervaluation relative to growth. It is a potential re-rating candidate. The business compounds revenue at 15.0% and profits at 46.0% CAGR. That is strong double-digit growth on both counts. The stock gains 17.2% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. The stock rises -4.5% in three months on 15.0% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of HEG Limited.
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