Graphite India has invested Rs 168.13 crore in Grafrech International, a NYSE Listed Company (Graftech), through acquisition of 6.82% stake via secondary market transactions/overseas portfolio investment (OPI) scheme of Foreign Exchange Management (Overseas Investment) Rules, 2022. The company has invested in Graftech for purpose of investment.
Graftech is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals.
Graphite India is engaged in the business of manufacturing Graphite electrodes, graphite equipments, steel, GRP pipes and tanks and generation of hydel power.
