Graphite India Ltd increases stake in GrafTech International Ltd

On May 11, 2026, Graphite India Limited (BSE: 509488, NSE: GRAPHITE) announced a significant increase in its investment in GrafTech International Ltd., a prominent US-based competitor listed on the New York Stock Exchange (NYSE).

The transaction was executed via secondary market transactions under the Overseas Portfolio Investment (OPI) scheme.

Strategic Investment Details

Graphite India has infused additional capital into GrafTech, strengthening its position in the global graphite electrode market.

Incremental Investment: ₹62.25 Crores.

Total Cumulative Investment: ₹230.38 Crores.

Shareholding Increase: The company's stake has risen from 6.82% to 9.79%.

Form of Consideration: Cash.

Profile of the Target: GrafTech International Ltd.

GrafTech is a critical player in the steel manufacturing supply chain, specifically for Electric Arc Furnace (EAF) production.

Industry: Manufacturing of Graphite Electrodes.

Market Capitalization: ~241.98 Million USD.

Vertical Integration: GrafTech is notably integrated into petroleum needle coke production, which is the essential raw material for ultra-high-power graphite electrodes.

Financial Performance (Turnover in USD):

2025: $504.1 Million

2024: $538.8 Million
2023: $620.5 Million

Market Consolidation: By increasing its stake to nearly 10%, Graphite India is deepening its financial interest in a major global peer, suggesting confidence in the long-term recovery or value of the graphite electrode sector.

Shares of Graphite India Limited was last trading in BSE at Rs. 730.85 as compared to the previous close of Rs. 751.35. The total number of shares traded during the day was 49598 in over 1893 trades.

The stock hit an intraday high of Rs. 750.85 and intraday low of 725.95. The net turnover during the day was Rs. 36671860.00.

Source : Equity Bulls

Keywords

GraphiteIndia INE371A01025 Investment GrafTechInternational