HEG Limited Overview
Pro stress-test →HEG Limited manufactures and sells graphite electrodes in India and internationally. HEG operates the single largest plant of Graphite Electrodes in the western world with a capacity of 100,000 tons, positioning itself as a low-cost producer. The company is a critical supplier to global steel manufacturers, with graphite electrodes essential for electric arc furnace steelmaking.
Strategic Profile
Pro stress-test →The company has a strong global presence, consistently exporting over two-thirds of its output, regardless of its total production capacity. The company operates through two segments, Graphite Electrodes and Power Generation segments. HEG is expanding into advanced materials—TACC, a wholly owned subsidiary of HEG, has received a credit facility of Rs 1,230 crore from State Bank of India to support a greenfield manufacturing facility in Dewas, Madhya Pradesh, which will produce 20,000 MTPA of lithium-ion battery grade graphite anode material.
Competitive Landscape
Pro stress-test →HEG is India's leading graphite electrode manufacturer with one of the largest integrated graphite electrode plants in the world, processing sophisticated UHP electrodes. The global graphite electrode market is highly consolidated with limited players—HEG competes primarily with Graphite India, GrafTech (now Seadrift Coke), and Showa Denko. HEG's differentiation stems from its world-scale, lowest-cost production facility and strong export presence.
Industry Context
HEG Limited operates in Advanced Materials / Graphite Electrodes & Specialties.
Key facts
Founded: 1972 · Headquarters: Noida, India · Employees: Not disclosed · Revenue: ₹2,515 Cr (TTM) · Market cap: ₹11,000 Cr (~$1.3B)