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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.

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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