The Board of Directors of HEG has approved expansion plan for graphite electrodes and related products.
The company will make a capacity addition of 20,000 tpa. It currently has a capacity of 80,000 tpa and has reached a capacity utilisation of 85-90 percent.
The company will make an investment of around Rs 1,200 crore towards the expansion. The financing will be through a mix of internal accruals and debts if required.