HEG has received approval to increase the stake in Bhilwara Energy (BEL), an Associate Company of HEG, from 29.48% to 49%. BEL is either itself or through its subsidiaries has portfolio of operational 278 MW of Hydro and 34 MW of Wind assets. A cash consideration of Rs 162.05 crore will be given for acquiring additional 3,23,51,004 equity shares to increase the Company's holding from 29.48% to 49%. The Board of Directors of the Company at its meeting held on April 02, 2019 has approved the same.

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.

HEG Share Price

1026.65 11.75 (1.16%)
May 26, 11:29 View Price Chart
Peers
Company Name CMP
Graphite India 424.20
HEG 1026.65
Esab india 3404.75
Ador Welding 612.80
GEE 62.50
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