About HEG Limited 

HEG Limited is an Indian manufacturer of graphite electrodes and related carbon products used primarily by Electric Arc Furnace steelmakers, with applications across iron and steel, metallurgy, refractories, aluminium, chemical, electrochemical, power, cement, and glass industries. The company operates two plants and one office within India, with business operations only in India and no non-current assets outside the country. HEG serves customers in 25 Indian states and exports to 42 countries; in the latest year, exports contributed 66.53 per cent of turnover. Its clientele includes leading steel producers such as SAIL, ArcelorMittal, Tata Steel, Jindal Steel & Power, Emirates Steel and others, underscoring its position in the global supply chain for steelmaking inputs. Customer concentration remains well dispersed; no single customer contributed more than 10 per cent of revenue in 2024–25.

The company has three(3) wholly owned subsidiaries and one(1) associate, reflecting a structured presence across manufacturing and allied services. Key milestones in 2024–25 included Bhilwara Infotechnology Limited becoming a wholly owned subsidiary following the purchase of the remaining shares, and a change in internal segment classification to align thermal power plants exclusively with the graphite business going forward.

HEG Limited’s Business Segments 

• Graphite Electrodes (including other carbon products) — 98.48% 
• Power Generation — 1.52%

HEG Revenue By Geography:

• Exports — 66.53%; 
• India — 33.47%.

HEG Limited Key Management

• Ravi Jhunjhunwala — Chairman, Managing Director & CEO
• Riju Jhunjhunwala — Vice-Chairman
• Manish Gulati — Executive Director
• O. P. Ajmera — Group Chief Financial Officer
• Ravi Kant Tripathi — Chief Financial Officer
• Vivek Chaudhary — Company Secretary

Latest Updates on HEG Limited 

• Corporate structure: Bhilwara Infotechnology Limited became a wholly owned subsidiary during FY 2024–25, strengthening the company’s control over its IT services arm.
• New subsidiary: HEG Graphite Limited (incorporated on June 4, 2024) was added to the company’s wholly owned subsidiaries, taking the total to three (3).
• Segment classification: The two thermal power plants have been brought under the Graphite segment from the current year onwards; the hydro plant continues under the Power segment for reporting, improving alignment with intended use.
• Leadership transition: The Chief Financial Officer position saw a change—Ravi Kant Tripathi was appointed/re-designated as CFO with effect from November 13, 2024, following a resignation on September 18, 2024.
• Market reach: Exports accounted for 66.53 Per cent of turnover, with sales across 42 countries; no single customer contributed more than 10 per cent in 2024–25, underlining a diversified sales base