Graphite India acquires additional stake in GrafTech International

Graphite India has acquired additional stake in GrafTech International, a NYSE Listed Company (Graftech). The company has acquired 2.97% shares of Graftech for a consideration of Rs 62.25 crore through Secondary Market Transactions. Post this acquisition, the company’s shareholding in Graftech has been increased from 6.82% to 9.79%, while total investment till date is around Rs 230.38 crore. Graftech is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and nonferrous metals.

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