Graphite India has invested in the shares of GrafTech International Ltd., a NYSE-listed company, through secondary market transactions, utilizing the Overseas Portfolio Investment scheme. The company’s stake is 6.82% through this acquisition. The total investment for this acquisition is INR 168.13 Crores.
Strategic Investment in GrafTech
Graphite India has strategically invested in GrafTech International Ltd., a company listed on the NYSE. This investment was executed through secondary market transactions under the Overseas Portfolio Investment (OPI) scheme.
Investment Details
The total investment made by Graphite India amounts to INR 168.13 Crores. The company now holds a 6.82% stake in GrafTech International Ltd.
About GrafTech International Ltd.
GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products, essential for electric arc furnace steel production. The company possesses a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities and is substantially vertically integrated into petroleum needle coke, a key raw material.
GrafTech’s Turnover
GrafTech’s turnover for the last three fiscal years is as follows:
- FY ended December 31, 2024: 538,782 thousand USD
- FY ended December 31, 2023: 620,500 thousand USD
- FY ended December 31, 2022: 1,281,250 thousand USD
Source: BSE