Graphite India HEG

Graftech has a competitive portfolio of low cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world.

HEG said the company had undertaken an expansion project in past to increase the existing capacity from 80,000 tons to 100,000 tons and the same is going on in full swing

India removed anti-dumping duties on graphite electrodes imported from China in September 2018 which has resulted in increased imports.

Thus far in the calendar year 2019, HEG (down 68 per cent) and Graphite India (down 63 per cent) have nosedived by more than 60 per cent each, as compared to 7 per cent rise in the S&P BSE Sensex.

HEG has moved higher by 9.5% to Rs 4,239, extending its previous 20% surge, while Graphite India has locked in upper circuit for the second day in a row, up 5% at Rs 871 on the BSE.