Graphite India Limited has increased its shareholding in New York-based GrafTech International Ltd. through secondary market transactions. The company invested INR 62.25 crores in this latest acquisition, raising its total stake from 6.82% to 9.79%. This move brings the company’s total cumulative investment in the US-listed graphite electrode manufacturer to INR 230.38 crores, further cementing its strategic interest in the global manufacturing sector.
Strategic Investment Expansion
Graphite India Limited has announced a further expansion of its investment in GrafTech International Ltd., a prominent entity listed on the New York Stock Exchange. By utilizing the secondary market, the company has successfully increased its ownership stake to 9.79%, up from its previous level of 6.82%. The total capital deployed for this latest acquisition phase is INR 62.25 crores.
Overview of the Acquired Entity
GrafTech International Ltd. remains a global leader in the manufacturing of high-quality graphite electrodes, which are critical components for the production of electric arc furnace steel. The company maintains a competitive edge through its vertically integrated operations, particularly in the production of petroleum needle coke—a vital raw material. The firm operates some of the highest capacity manufacturing facilities worldwide.
Financial Performance of GrafTech
The target entity has demonstrated consistent market presence, with reported turnover figures over the last three years showing resilience in the global market. Its annual turnover for the fiscal year ending December 31, 2025, stood at 504,134 USD (in thousands), following 538,782 USD (in thousands) in 2024 and 620,500 USD (in thousands) in 2023. Graphite India Limited’s cumulative investment of INR 230.38 crores reflects its confidence in the long-term potential of the graphite electrode industry.
Source: BSE
