HLE Glascoat's subsidiary Kinam Engineering won a US$42-48 million order for heat exchangers for a North American energy storage project.

Orders · 10 Nov 2026 · HLE Glascoat (HLEGLAS)

HLE Glascoat Limited's subsidiary, Kinam Engineering Industries Private Limited, secured an order valued at approximately USD 42 to 48 million in November 2026 for specialized shell and tube heat exchangers and associated process equipment.

The contract was awarded by an international entity for a North American energy storage project and is scheduled to be executed progressively through November 2028.

The scope covers design, engineering, manufacturing, testing and supply, executed progressively through November 2028 for a customer the company has not named.

NSE filing (PDF) · Company page

Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.