New Delhi, June 5 HEG Ltd has announced that its board has approved expansion of capacity from current level of 60,000 tonnes per annum (TPA) to 80,000 TPA at estimated investment of Rs 190 crore at its graphite plant at Mandideep.
With this expansion, the company will become as the world’s largest graphite electrode producer at a single location. The capacity expansion will be done by way of brownfield expansions and de-bottlenecking of the existing capacities with an estimated cost of Rs 190 crore which is 40 per cent less than the expansion undertaken two years ago. The new capacity will be operational by the last quarter of 2009.
The company proposes to fund its expansions mainly through internal accruals.