Graphite India through its wholly owned subsidiary in Netherlands, Graphite International BV has signed a definitive agreement for investment upto $18.6 million in cash in General Graphene Corporation. This investment would constitute approximately 46% stake in General Graphene and is aligned to the company’s core business segment of Carbon and Graphite.
General Graphene has developed a breakthrough proprietary technology which would allow them to produce large area, low cost graphene sheets industrial volumes for commercial applications. The investment will be made in multiple tranches over 2 to 3 years, based on the achievement of agreed milestones in the process of commercial production of grapheme sheets.
Graphite India is the pioneer in India for manufacture of Graphite Electrodes as well as Carbon and Graphite Speciality products.