HEG has received an approval for entering into Manufacturing of Graphite Anodes for lithium ion cells and its allied and ancillary products business through incorporation of a subsidiary Company. The Board of Directors of the Company in their Meeting held on November 11, 2022 has inter-alia considered/approved the same.
The Subsidiary Company would manufacture graphite anode for Lithium-ion cells. The plant would be made in two phases, spending Rs 1000 crore in Phase 1 over the next 3 years which would cater to 10-12 GWH of cell manufacturing capacity. In Phase 2 the Company plans to double the capacity with another Rs 1000 crore approximately catering to a total of 20- 22 MWH of cell manufacturing capacity. The company aims to finish both the phases in 5-7 years. As the Manufacturing of Graphite Anode for Lithium ion cells and its allied product is niche segment, by foray into this segment through the Subsidiary Company, it will help in vertical growth of the company which will in future beneficial for all its stakeholders.
HEG is a leading manufacturer and exporter of graphite electrodes in India and operates world's largest single-site integrated graphite electrodes plant.
| Company Name | CMP |
|---|---|
| Graphite India | 679.20 |
| HEG | 632.55 |
| Esab india | 5722.85 |
| Ador Welding | 1006.40 |
| GEE | 68.04 |
| View more.. | |
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