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HEG completes acquisition of 49% stake in Bhilwara Energy

06 Jun 2019 Evaluate

HEG has completed the last tranche of acquisition of 49% stake in Bhilwara Energy. The company had earlier received approval from its board to increase the stake of HEG in Bhilwara Energy, an Associate Company of HEG, from 29.48% to 49%.

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 782.25
HEG Advanced Materi. 225.80
Esab india 5754.40
Ador Welding 1549.70
Diffusion Engineers 428.70
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