The Bhopal-based HEG Ltd, the Rs 600 crore flagship company of LNJ Bhilwara group, has decided to hive off its textile business. The decision has been taken by the company at a recent board meet so that the company can shift its focus on power and electrographite business, R C Surana, executive director of the company, said.
HEG manufactures graphite electrodes and exports almost 80 per cent of its production to 25 countries.