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Graphite India to Invest ₹4,330 Crore in Synthetic Graphite Anode Materials for EV Ecosystem
Graphite India Limited has announced a major strategic diversification by entering the Synthetic Graphite Anode Materials (SGAM) market, a key component for Lithium-ion batteries in electric vehicles. The Board has approved a total investment of ₹4,330 crores, which will be deployed in phases for SGAM and related renewable energy projects. This expansion will be financed through a combination of internal accruals and debt. This move represents a significant shift towards the green energy supply chain, potentially reducing reliance on the cyclical steel-linked graphite electrode market.
Key Highlights
Total investment outlay of ₹4,330 crores approved by the Board of Directors.
Entry into Synthetic Graphite Anode Materials (SGAM) for the EV battery ecosystem.
Investment to be funded via a mix of debt and internal accruals.
Project includes diversification into Renewable Energy to support new business lines.
Implementation planned in multiple phases to manage capital expenditure.
💼 Action for Investors
Monitor the company's debt levels and execution milestones for the SGAM plant, as this marks a high-growth but capital-intensive pivot. Existing shareholders should view this as a long-term value creator that aligns the company with the global EV transition.