Singularity AMC, a leading growth equity firm backed by ace investor Madhusudan Kela and led by Yash Kela, along with its partners, has signed definitive agreements to invest up to Rs 500 crore in Bhilwara Energy (BEL), an associate company of HEG.
The investment will support BEL in creating an integrated energy transition platform, HEG Greentech, focused on power assets, battery-grade anode materials, food-grade bottle-to-bottle recycling, graphene and advanced battery systems manufacturing for energy storage & electric vehicles. BEL will use the capital to drive organic growth, establish new greenfield projects and pursue strategic acquisitions and partnerships.
HEG is a leading manufacturer and exporter of graphite electrodes in India and operates world's largest single-site integrated graphite electrodes plant.
| Company Name | CMP |
|---|---|
| Graphite India | 679.20 |
| HEG | 632.55 |
| Esab india | 5722.85 |
| Ador Welding | 1006.40 |
| GEE | 68.04 |
| View more.. | |
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