HEG, a diversified company with interests in graphite electrodes and power announced that India Rating & Research (Ind-Ra) has assigned ''IND A1+'' rating for HEG's additional Rs 500 million Commercial Paper programme. With this the total limit for Commercial Paper stands revised to Rs 1,500 million on a rating of 'INP Al+'.

The aforesaid additional limit for issuance of Commercial Paper shall also be used to fund the working capital requirements.