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Kinam Engineering Industries secures USD 42-48 million order for heat exchangers in a North American energy storage project

10-Nov-26 13:33Hrs IST

HLE Glascoat Ltd. currently trades at Rs 420.95, having risen 2.60% over the last week.

HLE Glascoat Limited announced that its subsidiary, Kinam Engineering Industries Private Limited, has secured an international order valued between USD 42 to 48 Million from a leading entity in the energy storage sector for the design, engineering, manufacturing, testing, and supply of specialized heat exchangers and process equipment for a large-scale energy storage project in North America. The order, awarded on November 10, 2026, is expected to be executed progressively through November 2028, with the customer's identity withheld to protect commercial confidentiality, and does not involve any interest from the company's promoters, promoter group, or group companies, nor does it constitute a related-party transaction.

Trading volume totaled 34941 shares today, a decrease of 61.55% compared to the one-week average volume. HLE Glascoat Ltd. plunged by 27.81% year-over-year, underperforming the 2.07% loss registered by the NIFTY50 index.

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