HEG Limited — Investor Meet, 23-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

HEG is demerging its graphite electrode business into HEG Graphite Ltd. The current HEG will become HEG Greentech Ltd, focusing on clean tech. This move aims for sharper focus and value unlock. Greentech will operate across advanced battery materials (20,000 tpa anode plant, 30% complete, expandable), RE power generation (solar + BESS IPP targeting 16-20% IRR with asset recycling), battery energy solutions (REPlus expanding to 6 GWh, aiming ₹6,000 Cr turnover), and hydroelectric plants (two debt-free assets generating 370 Cr+ EBITDA). Total Greentech CapEx is projected at ₹4,300 Cr by FY27. Management emphasizes technology, R&D, and strong governance for responsible, ethical growth. Shareholders will own both focused listed entities.