Graphite India shares end over 5% higher on ₹4,330 crore capex announcement; check details

Shares of Graphite India jumped over 5.4% on Wednesday after the company announced new capex in the anode material manufacturing. The shares traded 5.4% higher at ₹662 apiece on the NSE. Graphite India's share price has delivered stellar returns in past year at 46%

Graphite India’s board has approved an investment of ₹4,330 crore in a new line of business -- Synthetic Graphite Anode Materials (SGAM) - used in Lithium-ion Battery Cells, a critical part of EV ecosystem, and Others (including Renewable Energy). Through this investment, the company is eyeing to diversify into a new product and generate new revenue stream. The investment will be rolled out in phases and to be funded through Debt and Internal Accruals.

Earlier in December, Graphite India (GIL) and Kivoro signed an Exclusive Distribution and Commercial Partnership agreement to bring Kivoro’s next-generation Graphene-based Heat Transfer Additive (HTA) technology to the Indian corrugated paperboard industry.

Under the agreement, GIL becomes the exclusive distributor of Kivoro’s Heat Transfer Additive across India, focusing on deployment within the corrugated paperboard sector - a fast-growing, efficiency-driven industry where thermal performance improvements can significantly reduce energy consumption and costs.

Graphite India is engaged in the business of manufacturing Graphite electrodes, graphite equipment, steel, GRP pipes and tanks and the generation of hydel power.