HEG Limited is a major manufacturer and exporter of graphite electrodes, primarily used in Electric Arc Furnaces for steel production, operating the world's largest single-site graphite electrode plant.

The company expanded its graphite electrode capacity from 80,000 to 100,000 tons in 2023 and plans a further increase to 115,000 tons by 2027, reflecting strategic growth to capture EAF market opportunities.

HEG's customer base includes top global steel manufacturers, with about 65-70% of production exported to 35 countries, demonstrating its strong international presence and demand appeal.

Despite global steel market challenges, including Chinese competition and demand fluctuations, HEG shows resilience with high capacity utilization and consistent operational performance at 90%+ for recent quarters.

HEG is debt-free in the long-term and maintains a significant treasury for strategic investments, enabling flexibility for future growth and market adaptations.