HEG zooms on getting nod to expand capacity for Graphite Electrodes and related products
HEG is currently trading at Rs 593.10, up by 59.30 points or 11.11% from its previous closing of Rs 533.80 on the BSE.
The scrip opened at Rs 545.05 and has touched a high and low of Rs 598.75 and Rs 542.65 respectively. So far 1163992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 619.25 on 05-Dec-2024 and a 52-week low of Rs 332.20 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs 599.00 and Rs 507.05 respectively. The current market cap of the company is Rs 11451.29 crore.
The promoters holding in the company stood at 55.78%, while Institutions and Non-Institutions held 18.88% and 25.34% respectively.
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.
