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India Ratings & Research upgrades HEG’s long-term issuer rating

23 Apr 2018 Evaluate

The credit rating agency, India Ratings & Research has upgraded HEG’s Long-Term Issuer Rating to ‘AA’ from ‘A+’. The Outlook is Stable.

HEG is engaged in manufacturing of graphite electrodes, which are used by manufacturers of steel. The company’s segments include Graphite, Power and Unallocable items/others.

Peers
Company Name CMP
Graphite India 751.45
HEG Advanced Materi. 215.00
Esab india 5277.65
Ador Welding 1373.30
Diffusion Engineers 406.35
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