HEG Limited provides an update on its composite scheme of arrangement, including the demerger of the Graphite business into HEG Graphite Limited. Shareholders will receive shares in HEG Graphite in a 1:1 ratio. The process is expected to be completed by June-July 2026. Current HEG Limited will be renamed HEG Greentech Limited. A strategic investment of 10% is planned in GrafTech USA.
Composite Scheme Details
HEG Limited has announced an update regarding the composite scheme of arrangement. The key step involves the demerger of the Graphite Business into a separate entity named HEG Graphite Limited. The update was formally announced on January 16, 2026.
Shareholding and Restructuring
As part of the scheme, shareholders of HEG Limited will receive shares of HEG Graphite Limited in a 1:1 ratio, mirroring their existing shareholding. Furthermore, the current HEG Limited is to be renamed HEG Greentech Limited upon completion of the scheme.
Timeline and Approvals
The company anticipates that the NCLT process for the scheme will be completed by June-July 2026. The actual issuance of shares will be based on a record date determined by the Board of Directors following NCLT approval.
Greentech Business Overview
HEG Greentech Limited is strategically positioned with holdings in wind assets & treasuries, advanced battery materials (TACC), battery energy solutions (RePlus), and storage-based RE IPP. The company aims to build India’s first technology-led integrated Greentech platform.
Advanced Battery Materials (TACC)
TACC is setting up a greenfield capacity of 20 KTPA for battery-grade anode material and 4000 TPA for graphene derivative production. TACC is at an advanced stage of approvals from global OEMs and cell makers.
Battery Energy Solutions
RePlus has an existing cell-to-pack capacity of 1 GWh, with plans to increase to 5 GWh by Q2 FY27. The company is also targeting the addition of 1 GWh BESS and 500 MWp solar per year.
Hydro Power Generation
HEG owns existing hydro power plants with a total capacity of 86 MW and 192 MW. Additionally, there is 74 MW under active consideration.
Strategic Investment
HEG is planning a 10% strategic investment in GrafTech USA.
Source: BSE
