HEG Advanced surges as its arm gets Rs 609.50 crore incentive approval for Synthetic Graphite Anode Material project
Mumbai, November 11 (Udaipur Kiran): HEG Advanced Materials is currently trading at Rs. 297.80, up by 8.50 points or 2.94% from its previous closing of Rs. 289.30 on the BSE.
The scrip opened at Rs. 296.90 and has touched a high and low of Rs. 305.00 and Rs. 292.00 respectively. So far 175708 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 317.50 on 05-Nov-2026 and a 52 week low of Rs. 168.98 on 23-Oct-2026.
Last one week high and low of the scrip stood at Rs. 317.50 and Rs. 249.90 respectively. The current market cap of the company is Rs. 9862.64 crore.
The promoters holding in the company stood at 60.72%, while Institutions and Non-Institutions held 16.57% and 22.71% respectively.
HEG Advanced Materials’ wholly owned subsidiary — TACC has received the approval letter for an incentive of Rs 609.50 crore under the Electronics Component Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology (MeitY), Government of India. The incentive is for TACC’s Synthetic Graphite Anode Material project at Sirsoda Industrial Area, Dewas, Madhya Pradesh, and is subject to scheme guidelines and prescribed conditions.
Spread across more than 100 acres, the Dewas facility is planned for a committed scalled capacity of beyond 30,000 metric tonnes per annum (MTPA) by FY2028-29. The first phase of 20,000 MTPA is targeted for commissioning by June 2027. The approval strengthens the company’s vision, through its wholly owned subsidiary TACC to build localized, resilient and globally competitive battery materials value chain. It is also a significant step towards strengthening India’s advanced energy storage ecosystem.
HEG Advanced Materials (formerly known as HEG) is a leading manufacturer and exporter of graphite electrodes in India and operates world’s largest single-site integrated graphite electrodes plant.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.