Synopsis:
The shares of this Industry company were in the news today as the company declared its Q2 result which highlighted the company’s Net profit growth at 74 percent along with a credit received to make Li-ion batteries worth Rs 1,230 crores.
The shares of this company, which is one of the leading manufacturer and exporter of graphite electrodes in India and operates the largest single-site integrated graphite electrodes plant in the world, were in the spotlight today as the company declared its robust results and its expansion plan.
With a market cap of Rs 10,436 crore, the shares of HEG Ltd soared almost 12 percent in today’s trading session and reached a high of Rs 581.50 when compared to its previous day closing price of Rs 519.65 . The shares have given a return of 286 % over the last 5 years.
Q2 FY26 Result highlights
The Revenue from operation for the company stood at Rs 699 crore when compared to Rs 568 crore in Q2 FY25 , growing by about 23 percent YoY basis and on QoQ basis increasing by 13 percent from Rs 617 crore in Q1 FY26.
The PAT grew by about 74 percent YoY basis when you compare the Q2 FY26 profit at Rs 143 crore to Rs 82 crore in Q2 FY25 and on QoQ basis has increased 36 percent from Rs 105 crore in Q1 FY26.
TACC Ltd which is a subsidiary of HEG ltd has secured a Rs 1,230 crore credit facility from the State Bank of India to fund its lithium-ion battery grade graphite anode manufacturing project. The company will set up a greenfield facility in Dewas, Madhya Pradesh, with a planned annual capacity of 20,000 MTPA of graphite anode material.
This is one of India’s first of its kind initiatives aimed at reducing import dependence and building a domestic energy materials ecosystem. The project supports India’s clean energy and electric mobility goals, in line with the Atmanirbhar Bharat and Make in India missions. TACC plans to use cutting-edge, sustainable technologies to meet global standards in both quality and environmental performance.
About the company and outlook
HEG Limited is a leading Indian manufacturer of graphite electrodes, which are crucial for making steel in environmentally-friendly Electric Arc Furnaces, and it operates the world’s largest single-site graphite electrode manufacturing plant, showcasing its significant production scale and industry leadership.
The company has unveiled plans to expand its graphite electrode production capacity from 100,000 to 115,000 tons, backed by a Capex investment of around Rs 650 crore. The project is expected to be completed in 2.5 years, with operations likely to begin by January 2028. The expansion will be funded mainly through internal approvals, with additional debt if required. This initiative comes amid a rising global demand for graphite electrodes, fueled by the growing adoption of electric arc furnaces as industries worldwide transition toward cleaner, more sustainable steelmaking.
Written by Leon Mendonca
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