HEG Limited has announced a significant development through its wholly-owned subsidiary, TACC Limited. The company has entered into a collaboration with the National Council for Cement and Building Materials (NCB) to advance sustainable high-performance concrete technology using graphene-based additives.

Collaboration Details

TACC Limited and NCB have signed a Memorandum of Understanding (MOU) to develop innovative concrete solutions. This partnership aims to:

• Integrate graphene's exceptional properties into concrete to enhance strength, durability, and overall performance.
• Contribute to lowering carbon emissions, aligning with India's vision for net-zero emissions and climate commitments.

Graphene Technology

Graphene, a single layer of carbon atoms in a hexagonal lattice, is renowned for its exceptional strength, conductivity, and lightweight properties. Its applications span various industries, including electronics, energy storage, coatings, composites, construction materials, and textiles.

Objectives of the Partnership

The collaboration between TACC and NCB is expected to drive advancements in next-generation construction materials. By combining TACC's innovative graphene-based additives with NCB's expertise in concrete technology, the partnership aims to:

1. Develop sustainable and durable high-performance concrete
2. Enhance the overall performance of concrete structures
3. Promote eco-friendly construction practices

About TACC Limited

TACC Limited, an innovation-driven venture of the LNJ Bhilwara Group, specializes in synthetic graphite and graphene derivatives. The company is committed to green technologies and sustainability, continuously pushing the boundaries of graphene synthesis and its diverse industrial applications.

About National Council for Cement and Building Materials (NCB)

NCB is the premier research body under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India. It is devoted to technology development and transfer, continuing education, and industrial services for the cement and construction industries.

This collaboration marks a significant step towards sustainable and high-performance construction materials, potentially revolutionizing the construction industry while addressing environmental concerns.

HEG Limited , a prominent player in the graphite electrode manufacturing sector, has been served with a substantial tax recovery notice, potentially impacting its financial outlook. The company disclosed that it has received a notice for the recovery of tax refunds and penalties, totaling a significant sum of 2.82 billion rupees.

Tax Recovery Details

The notice, which comes from tax authorities, encompasses both the recovery of tax refunds and associated penalties. However, the specific breakdown between the refunds and penalties remains unclear from the available information.

Implications and Next Steps

While the exact nature of the tax matters leading to this notice has not been elaborated upon, the substantial amount involved raises questions about its potential impact on HEG's financial position. The company has not yet provided details on how it plans to address this notice or its strategy for potential negotiations or appeals with the tax authorities.

Investor Considerations

This development may be of significant interest to HEG's shareholders and potential investors. The 2.82 billion rupee figure represents a material amount that could affect the company's financial planning and possibly its near-term performance metrics.

As the situation unfolds, stakeholders will likely be watching closely for any further clarifications from HEG regarding:

• The specific tax issues that led to this notice
• The company's stance on the validity of the claims
• Any plans to contest the notice or negotiate with tax authorities
• The potential impact on HEG's financial statements and future outlook

HEG's management is expected to provide more information to address investor concerns and outline their approach to resolving this tax matter. Until then, the market will be keen to assess how this development might influence HEG's stock performance and financial stability.