What we do HEG Ltd is India's leading manufacturer and exporter of graphite electrodes, operating the world's largest single-site integrated plant, serving major global steel producers. |
Founded in 1,977 |
Market share Among the top three graphite electrode manufacturers in the western world, HEG exports to 35+ countries with 65-70% of its production. |
Problem solved Supplies crucial graphite electrodes for electric arc furnace steel production, enabling energy-efficient and environmentally friendlier steel manufacturing. |
Top clients or who we serve Major global steel companies including ArcelorMittal, POSCO, Thyssenkrupp, US Steel, Nucor; B2B focused. |
Key management Ravi Jhunjhunwala (Chairman, Managing Director & CEO), Manish Gulati (Executive Director). |
Our journey and innovations Established in 1977, evolved from importer to producer; expanded capacity from 24,000 to 100,000 TPA; pioneered captive power plants and global exports. |
Where we operate Exports to ~35 countries globally; manufacturing base in India (Mandideep) with captive power facilities. |
Top products or what we offer High Power and Ultra High Power graphite electrodes; captive power generation. |
Top brands No distinct brand names; flagship product is ultra-high power graphite electrodes. |
Raw materials needed Needle coke for graphite electrode production. |
Raw materials supplier Supplies from global needle coke producers; specific supplier names not disclosed. |
Recurring vs cyclical contribution Revenue largely cyclical, aligned with steel industry cycles but with steady export demand. |
Our industry position Third largest graphite electrode producer globally outside China, with highest plant utilization among Western peers. |
Financial highlights FY24 sales approx ₹2,380 Cr; Net profit ₹232 Cr; EBITDA ₹526 Cr; operating margin around 21%. |
Geographical revenue split Exports constitute ~65-70% of revenue; India accounts for remaining ~30-35%. |
Order book - |
Whats driving growth Rising global shift to electric arc furnace steel production, new capacity announcements, and India’s steel demand growth. |
Our future plans Expand graphite electrode capacity to 115,000 TPA by 2027 and sustain growth through efficiency and innovation. |
Our green promise Focus on environment-friendly R&D, captive clean hydro and thermal power plants, and corporate social responsibility. |
Our people and values Strong emphasis on employee welfare, industrial harmony, and community development through social initiatives. |
Key challenges ahead Volatile needle coke prices, geopolitical disruptions affecting demand, and global steel market uncertainties. |
Interesting facts Operates world's largest single-site graphite electrode plant; first private hydroelectric project in Madhya Pradesh. |
Risks and strategy Mitigates raw material price risks, optimizes power consumption, expands customer base, and invests in operational efficiencies. |
