HEG

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GRAPHITE

: Carbon Giants Are Rising on India's Battery-making Potential

• Electrode capacity 100,000 TPA, world’s largest single-site • Capacity utilisation around 80 percent in FY25 • FY25 revenue at ₹2,153 crore • FY25 net profit at ₹101 crore • Exports form about 67 percent of total sales India: • Total electrode capacity 98,000 TPA across multiple plants • FY25 revenue at ₹2,998 crore • Q4 FY25 profit at ₹50 crore versus ₹16 crore last year • Strong cash position and low-debt balance sheet 🚀 Why These Two Matter • Together they anchor India’s graphite electrode industry with global scale • They convert steel cycles into earnings with strong operating leverage • Export-heavy models position them for worldwide EAF steel growth • Rising green-steel adoption lifts long-term electrode demand • Both companies are stepping toward advanced carbon materials and EV-anode opportunities