HEG Limited Faces Preliminary 6.99% Countervailing Duty in US Investigation
HEG Limited has received a preliminary affirmative determination from the U.S. Department of Commerce concerning its exports, which involves imports of large diameter graphite electrodes from India into the United States. The finding relates to a Countervailing Duty (CVD) investigation.The details of the preliminary determination were received by the company on July 27, 2026, at 9:47 PM IST. Under this preliminary assessment, the U.S. Department of Commerce has determined a CVD rate of 6.99% for HEG Limited. This determination indicates that cash deposits may be required during imports of the subject merchandise into the United States, in compliance with applicable U.S. laws and procedures.
The company confirmed it is currently evaluating the operational impact of this preliminary determination on its business and financial performance, noting that the financial impact is not ascertainable at this stage.
Regarding the timeline for the investigation, the U.S. Department of Commerce has indicated that the final CVD determination is scheduled to be announced along with the final Anti-Dumping Duty determination on December 8, 2026, unless any postponement occurs. HEG Limited stated it is cooperating fully with the ongoing investigation and will disclose any further material developments as required.
HEG Stock Price Movement
As of 12:56 PM, shares of HEG Limited are edging higher to ₹657.5, buoyed by a 0.77% gain in live trading. The stock maintains brisk volume as over 926,317 shares change hands in the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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