HLE Glascoat touches roof after its arm secures order for large-scale energy storage project in North America
Mumbai, November 11 (Udaipur Kiran): HLE Glascoat is currently locked at its upper circuit of Rs. 442.35, up by 21.05 points or 5.00% from its previous closing of Rs. 421.30 on the BSE.
The scrip opened at Rs. 442.35 and has touched a high and low of Rs. 442.35 and Rs. 436.15 respectively. So far 49118 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 601.60 on 10-Nov-2025 and a 52 week low of Rs. 250.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 442.35 and Rs. 402.35 respectively. The current market cap of the company is Rs. 3072.33 crore.
The promoters holding in the company stood at 65.64%, while Institutions and Non-Institutions held 6.38% and 27.98% respectively.
HLE Glascoat’s subsidiary — Kinam Engineering Industries has secured an order from a leading international entity operating in the Energy Storage Sector for the design, engineering, manufacturing, testing and supply of Specialized Shell and Tube Heat Exchangers and associated Process Equipment for a large-scale energy storage project in North America. The aggregate value of the order is approximately in the range of $42 to $48 million, and the order is expected to be executed progressively through November 2028, in accordance with the terms of the contract.
The customer is a North American entity engaged in the development of large-scale, long duration energy storage projects. The identity of the customer is being withheld on account of commercial confidentiality and competitive sensitivity
HLE Glascoat is a part of the Patel Group of Companies founded in 1951. The company is a leading manufacturer of process equipment for the chemical and pharmaceutical industries.
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.