HEG has received approval for further investment in the Equity Shares of Bhilwara Infotechnology (BIL), an Associate Company of HEG, which will result in making BIL, a Wholly Owned Subsidiary (WOS) of HEG. The object of acquisition of the said company is to leverage the business of the company and entering into new ventures which will impact its revenue and profitability condition. The said acquisition is expected to be completed within 2 months. The Board of Directors of the company at its meeting held on November 13, 2024 has approved the same.
HEG is a leading manufacturer and exporter of graphite electrodes in India and operates world's largest single-site integrated graphite electrodes plant.
