Tag: HEG quarterly results
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India: HEG Profit Increases 680% in Q2 on Higher Graphite Electrode Prices
Indian graphite electrode maker HEG today reported a net profit of INR 889 crore ($120 Mn) during the quarter ended Sept 30, 2018. HEG Chairman, Mr. Ravi Jhujhunwala attributes this growth to rising demand from China and ongoing consolidation in the Indian steel industry. “We continue to experience robust demand for electrodes on the back…