HEG Limited, founded in 1972, is a prominent Indian manufacturer and exporter of graphite electrodes, operating the world’s largest single-site integrated graphite electrode plant in Mandideep, Madhya Pradesh. The company produces High Power and Ultra High Power electrodes, catering to esteemed clients like ArcelorMittal and US Steel. Besides, HEG operates three power generation facilities with a total capacity of 76.5 MW, primarily supporting its manufacturing operations, with excess power sold in the market.
A key player in the LNJ Bhilwara Group, HEG has evolved from importing to producing graphite electrodes, benefiting from financial and technical support from international partners. Over the years, HEG has expanded its production capacity and diversified its operations, including hydro and thermal power projects. Despite challenges like margin erosion in 2015, HEG has optimized operations, improved efficiencies, and repaid long-term debt by leveraging favorable market conditions. The company continues to focus on growth and sustainability, evidenced by strategic investments and a robust client base.
