The HEG stock has had a dream run in the last one year with a whopping 900 percent gain and adding good news for the company is that they have posted a steady set of earnings in Q2 as the prices of their main product--graphite electrodes have soared 200 percent.
In an interview to CNBC-TV18, Raju Rustogi, CFO & COO of HEG of spoke about the results and his outlook for the company.
We fix graphite electrodes prices every year at the start of the year which is December-January, said Rustogi.
He further said that the current graphite electrode spot price is at USD 6,000 per tonne versus USD 2,200 per tonne in January 2017.
Talking about capex, he said we will not be doing any capex for calendar year 17-18.
On capacity front, he said that the current capacity utilisation is at 80-85 percent.
Watch accompanying video for more details.
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