Credit rating agency, India Ratings & Research has assigned ‘A1+’ rating for HEG’s additional Rs 80 crore Commercial Paper programme. With this the total limit for Commercial Paper issuance stands revised to Rs 230 crore on a rating of ‘A1+’.
The aforesaid additional limit for issuance of Commercial Paper shall also be used to fund the working capital requirements.
HEG is amongst the leading graphite electrode manufacturer in India. The company owns one of the largest integrated graphite electrode plants in South-East Asia that processes sophisticated UHP (Ultra High Power) Electrodes.
