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Singularity AMC signs definitive agreements to invest Rs 500 crore in HEG's associate company

11 Mar 2025 Evaluate

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.


Peers
Company Name CMP
Graphite India 850.85
HEG Advanced Materi. 252.15
Esab india 5608.05
Ador Welding 1533.35
Diffusion Engineers 452.85
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