Graphite India Ltd Raises Stake in GrafTech International Ltd to 9.79%
Graphite India Ltd increases its investment in GrafTech International Ltd, raising its stake from 6.82% to 9.79%. This move enhances Graphite India's position in the graphite electrode market, indicating confidence in sector recovery.
Theia Market Signal Identification - AI AssistedOn May 11, 2026, Graphite India Limited increased its stake in GrafTech International Ltd from 6.82% to 9.79%, investing a total of ₹230.38 Crores. This acquisition was executed through secondary market transactions under the Overseas Portfolio Investment (OPI) scheme.
GrafTech, a key player in the steel manufacturing supply chain, specializes in Electric Arc Furnace (EAF) production and is vertically integrated into petroleum needle coke production. This stake increase suggests a strategic move towards market consolidation and a long-term positive outlook for the graphite electrode sector. Shares of Graphite India last traded at Rs. 730.85.
Comments