India: GE Major HEG Ltd posts disappointing results for Q4 FY20

India’s leading graphite electrodes manufacturer has posted its fourth-quarter result for FY20 (Jan-Mar’20) and the numbers reflect the tough times through which GE companies are once again dealing with.

The company has highlighted that being an export-oriented company with 70% exports going to U.S., Middle East, Europe, their business is dependent on global economic conditions. However, with the spread of Covid-19, the overall demand for steel and electrodes have reduced.


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