- 24 Mar 2025
- ICICIdirect Research
BHILWARA ENERGY, AN ASSOCIATE COMPANY OF HEG LTD, HAS ANNOUNCED AN INVESTMENT OF RS 750 CRORES
HEG - 466 Change: -5.90 (-1.25 %)News: As per media sources, Bhilwara Energy, an associate company of HEG Ltd, has announced an investment of ₹ 750 crores for setting up an rPET resin manufacturing plant in Rajasthan. This rPET resin manufacturing plant will recycle post-consumer PET bottles into rPET resin, which can be used to create new bottles or other products. The project is expected to commence by Sept’26.
View: This rPET resin project will have the capacity to recycle 20 million PET bottles per day and produce 100 kilo tonnes of food grade rpET resin annually. This segment will be part of the newly demerger entity HEG Greentech, which will cater to clean energy, energy storage, and battery pack solutions for electric vehicles. This entity envisages a total capex spend of ~₹ 3,000 crore going forward.
Impact: Neutral