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Vineet Saxena

18th Jan · SEBI-Registered Analyst

HEG
: The Backbone of Modern Steelmaking

HEG
is a leading Indian manufacturer of graphite electrodes, a critical input for Electric Arc Furnaces (EAFs) used in steelmaking. It operates one of the world’s largest single-location plants in Madhya Pradesh with an installed capacity of ~100,000 TPA and derives a majority of its revenues from exports, serving global steel producers across Europe, Asia, and the Americas. With ~30% of global steel produced via EAFs, HEG is well-positioned to benefit from the structural shift toward cleaner steel. Its portfolio spans UHP, HP, and RP graphite electrodes, along with graphite nipples, designed for high performance and durability—making HEG a quiet but critical player in the evolving global steel ecosystem.

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