HEG (HEG.NS) Stock Price

HEG Ltd generates revenue primarily through the manufacture and export of graphite electrodes, which are essential for steelmaking via Electric Arc Furnace (EAF) processes, requiring 1.5-2.0 kg of graphite electrode per ton of steel produced. The company operates in two segments: Graphite electrodes, including other carbon products, and Power, which includes two thermal power plants and a hydroelectric facility in Tawanagar, Madhya Pradesh, alongside a 12.8-MW waste heat recovery plant in Durg, Chhattisgarh, totaling over 77 MW capacity. Customers for graphite electrodes include steel manufacturers utilizing EAF technology, while the Power segment supplies electricity from its facilities to support internal operations and potentially external demand. The Graphite electrodes segment is the core business, with products used in steelmaking processes where EAF is the dominant method, and the Power segment ensures reliable energy supply for production through its thermal, hydroelectric, and waste heat recovery plants. HEG Ltd's power generation infrastructure, located in Tawanagar and Durg, directly supports the energy-intensive graphite electrode manufacturing process, reducing operational costs and enhancing efficiency. HEG Ltd's revenue streams are derived from the sale of graphite electrodes to steelmaking industries and the sale of excess power generated from its facilities. The company's focus on integrated operations, combining graphite electrode production with in-house power generation, allows it to optimize costs and maintain a competitive edge in the global market for carbon-based industrial products.