By: ICN Bureau
Last updated : May 12, 2026 7:54 am
This investment highlights Graphite India's bullish outlook on the global graphite electrode market
Graphite India Limited has further increased its strategic stake in US-based GrafTech International Ltd., a New York Stock Exchange-listed company, by investing an additional Rs. 62.25 crore.
This investment, carried out via secondary market transactions under the Overseas Portfolio Investment (OPI) scheme, highlights Graphite India's bullish outlook on the global graphite electrode market, particularly as the steel sector transitions towards electric arc furnace (EAF) production.
Incremental Investment: Rs. 62.25 crore
Total Cumulative Investment: Rs. 230.38 crore
Shareholding Increase: From 6.82% to 9.79%.
GrafTech is a critical player in the steel manufacturing supply chain, specifically for Electric Arc Furnace (EAF) production. GrafTech is notably integrated into petroleum needle coke production, which is the essential raw material for ultra-high-power graphite electrodes.