HEG Limited incorporated a wholly-owned subsidiary named “HEG GRAPHITE LIMITED.”

On June 4, 2024, HEG Graphite Limited was established as a wholly-owned subsidiary of HEG Limited. It has an authorised capital of ₹1,00,000 and a paid-up capital of ₹1,00,000.

HEG Graphite Limited is incorporated with the primary objective of engaging in various activities, including manufacturing graphite electrodes.

Cost of Acquisition

The acquisition involves 10,000 equity shares with a face value of ₹10 each, totalling ₹1,00,000, constituting the entire paid-up share capital of the company.

Number of Shares Acquired

The acquisition entails obtaining 100% ownership, representing 10,000 Equity Shares with a face value of ₹10 each, totalling ₹1,00,000.

Financial Highlights of HEG Limited

For the fiscal year ending March 31, 2024, HEG reported revenue from operations of ₹2,395 crore, a slight decline from ₹2,467 crore in the previous year. Revenue for the fourth quarter of FY 2024 stood at ₹547 crore, compared to ₹617 crore in the same period last year. The company’s EBITDA was ₹526 crore, down from ₹729 crore in the previous fiscal year.

On a stand-alone basis, HEG recorded a net profit after tax of ₹232 crore in FY 2024, a decrease from ₹456 crore in the previous year. On a consolidated basis, the net profit after tax was ₹312 crore in FY 2024, down from ₹532 crore in FY 2023.

About HEG Graphite Limited

HEG Graphite Limited, incorporated on June 4, 2024, primarily manufactures graphite electrodes. As a wholly-owned subsidiary of the parent company, HEG Limited, it operates within India. However, turnover history is not applicable at this stage as it has yet initiated its business operations.

About HEG Ltd

HEG Ltd is a prominent player in India’s graphite electrode manufacturing and export sector. It boasts the distinction of operating the world’s largest integrated graphite electrode plant at a single site. As a member of the LNJ Bhilwara Group, it shares its affiliation with a diversified conglomerate with interests spanning IT-enabled services, power generation, and textiles.

On June 5, 2024, the share price of HEG Limited opened at ₹2,025.00, touching the day’s high of ₹2,048.95 as of 10:27 AM on the NSE.

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