HEG Limited — PPTs, 10-07-2026: Investor Presentation

HEG is establishing HEG Greentech as a new listed entity, driving into advanced carbon and clean energy.

**Business Performance:** The new Greentech platform will focus on Advanced Battery Materials (anode & graphene), Battery Energy Solutions (BESS), and Green Power Generation. Current hydro and wind assets generate over ₹300 crore annually in stable cash flows.

**Growth Drivers:** This restructuring aims to unlock value and enable focused capital raising. Global Li-ion battery demand, especially for EVs and energy storage, is booming. HEG Greentech plans to scale anode capacity from an initial 20 KMT (starting Q1 FY28) to 60 KMT by FY32. Its Graphene business also shows promising orders. The Battery Energy Solutions unit (REPlus) is expanding its 1 GWh capacity to 6 GWh by H2 FY27, with significant orders already underway.

**Recent Developments:** A 200 MT anode demo plant is successfully qualifying with global cell makers, and construction for the 20 KMT main facility is progressing. A Graphene MOU with a Nobel laureate highlights strong R&D efforts.

**Key Financial Metrics:** The Greentech platform has a projected capital expenditure of ₹5,500 Cr (₹1,500 Cr equity, ₹4,000 Cr debt). Net Worth is forecast at ₹2,700 Cr by FY27, with an expected Return on Capital Employed (ROCE) of ~17% by FY30.

**Management Outlook:** Leadership foresees a robust growth trajectory for Greentech, particularly in the anode business, driven by a philosophy of high quality and cost efficiency.