HEG has received approval from board of directors for investment of around Rs 650 crore for an expansion plan to add 15,000 TPA to the existing 1,00,000 TPA capacity for Graphite Electrodes and related products. The expansion will be financed through internal accruals and potentially debt and is expected to be completed within 30 months.
HEG is a leading manufacturer and exporter of graphite electrodes in India and operates world's largest single-site integrated graphite electrodes plant.