India Ratings and Research (Ind-Ra) has downgraded HEG’s long-term issuer rating to ‘AA-’ from ‘AA’. The outlook is stable.
HEG was incorporated 1972 as Hindustan Electro-Graphites. The company 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.