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.