HEG Limited is hosting investor meetings to discuss its Greentech platform and Composite Scheme of Arrangement. The company plans ₹5,500 Cr capex for clean energy initiatives, aiming to create a pure-play M&A-ready entity.
HEG Ltd Charts Greentech Future with ₹5,500 Cr Capex Plan
HEG Limited is set to hold investor meetings on July 15-16, 2026, to detail its ambitious Greentech platform and Composite Scheme of Arrangement. The company aims to unlock shareholder value by creating a focused, M&A-ready entity in the clean energy sector.
Reader Takeaway: New Greentech platform launch; NCLT approval is key.
What just happened
HEG Limited is actively restructuring to pivot towards a Greentech focus. The company is discussing its Composite Scheme of Arrangement and the central Greentech platform with institutional investors. The plan involves significant capital expenditure to build capacity in anode materials, battery energy storage systems (BESS), and green power generation.
Why this matters
This strategic shift aims to create a pure-play clean energy entity, potentially attracting new investor interest and unlocking value. The success of this transformation hinges on the final sanction of the Composite Scheme of Arrangement by the National Company Law Tribunal (NCLT) and the effective execution of its substantial capex plan.
The backstory
HEG Limited, historically known for graphite electrode manufacturing, is undertaking this restructuring to align with the growing demand for clean energy solutions. Its existing hydro power assets are debt-free and provide stable cash flows, which the company plans to leverage for its new ventures.
What changes now
The company is seeking final sanction from the NCLT, Indore Bench, for its Composite Scheme of Arrangement, which has already received approvals from the stock exchanges (BSE, NSE) and SEBI. Upon approval, the Greentech platform will operate as a distinct entity.
Risks to watch
The primary risk lies in obtaining the final NCLT sanction. Execution of the ₹5,500 Cr capex plan and securing firm offtake agreements for its anode materials are also critical for success. The company faces competition in the evolving clean energy market.
Peer comparison
While specific peer financial data is not provided in the filing, HEG's move into anode materials and BESS positions it within the burgeoning Indian battery and renewable energy ecosystem, which includes companies like Reliance Industries, Adani Green Energy, and various specialized battery manufacturers.
Context metrics (time-bound)
- Total Capex Plan: ₹5,500 Cr
- Anode Material Capacity Target: 60,000 MT by FY32
- BESS Capacity Target: 6 GWh by FY27
- Green Power Generation Target: 754 MW by FY28
- Funding Mix: ₹1,500 Cr Equity (27%), ₹4,000 Cr Debt (73%)
- Projected FY27 Net Worth: ₹2,700 Cr
- Target Steady-State ROCE: ~17% by FY30
What to track next
Investors should closely monitor the NCLT's final order regarding the Composite Scheme of Arrangement. Progress on the Phase I anode material facility launch (targeting Q1 FY28) and the conversion of offtake discussions into concrete orders will be key indicators of the Greentech initiative's momentum.