HEG Advanced Materials Share Price Surges Over 7% as it Approves ₹475 Crore Crucible Project

HEG Advanced Materials has approved a ₹475 crore crucible project to support its growing anode materials business. The project will be integrated with the company's anode plant and is aimed at improving backward integration and cost efficiency. 

The approval comes alongside a bigger expansion plan for anode materials and a new investment in graphene, taking the company's advanced materials programme further. 

Anode Capacity Plan Expanded 

The company has increased its planned anode materials capacity from 20,000 MT to 44,000 MT. The expanded project will involve a total capital expenditure of ₹1,606 crore. 

The first 20,000 MT is expected to start operations by June 2027. The additional 24,000 MT capacity is targeted for March 2029. 

Dewas Facility Reaches 61% Progress 

Phase I of the anode materials facility at Dewas has reached 61% overall progress. The next phase will make use of the existing infrastructure, power connections and land available at the site. 

The planned capacity expansion will substantially increase the scale of the company's anode materials operations. 

₹500 Crore Graphene Project Gets Approval 

The Board has also approved a graphene project with a capacity of 500 MTPA. The proposed investment for this project stands at ₹500 crore. 

The graphene and crucible projects are part of the company's wider plans to expand its product portfolio in advanced materials. 

Q2 FY27 Profit at ₹208.89 Crore 

HEG Advanced Materials reported consolidated revenue from continuing operations of ₹429.94 crore in Q2 FY27. Total income stood at ₹546.59 crore, while EBITDA came in at ₹312.78 crore. 

Profit after tax for the quarter stood at ₹208.89 crore. For H1 FY27, the company reported ₹725.80 crore in revenue from continuing operations and a profit after tax of ₹269.07 crore. 

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HEG Advanced Materials Share Price Performance  

As of 04 November 2026, at 10:32 AM, HEG Advanced Materials Limited share price is trading at ₹258.39 per share, reflecting a surge of 7.37% from the previous trading session. 

Conclusion 

The ₹475 crore crucible project adds to HEG Advanced Materials' growing investment programme. With anode capacity being expanded to 44,000 MT and new projects approved in graphene and crucibles, the company is widening its presence across advanced materials. 

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