Graphite India Limited (GIL) has significantly increased its ownership in Godi India Private Limited (GIPL), a company specializing in advanced energy storage technologies. The move comes as part of a strategic investment through a rights issue, further solidifying Graphite India's position in the emerging field of supercapacitors and advanced battery materials.

Investment Details

Graphite India has subscribed to a rights issue worth ₹18.65 crore in Godi India, increasing its stake from 33.77% to 45.76% of the outstanding paid-up share capital. The transaction, completed on August 24, 2025, saw GIL acquire shares at a cost of ₹18,64,84,284.

About Godi India

Godi India Private Limited, incorporated on January 28, 2020, is a Telangana-based company engaged in the research and development of:

• Supercapacitors with high energy and power densities
• Materials for advanced batteries
• Environmental-friendly processes for various applications

These applications span across automobiles, consumer electronics, renewable energy storage, and strategic sectors.

Financial Overview

While GIPL is still in the development stage and has not yet commenced commercial operations for any product, its financial performance over the past three years shows:

For the financial year ended March 31, 2024, GIPL reported a turnover of ₹153.67 lakhs with a net loss of ₹2,230.85 lakhs.

Strategic Implications

This investment aligns with Graphite India's strategy to expand its footprint in next-generation energy technologies. By increasing its stake in GIPL, Graphite India is positioning itself to capitalize on the growing demand for advanced energy storage solutions in various sectors.

The rights issue subscription was conducted on an arm's length basis, with no involvement from promoters, promoter groups, or group companies of Graphite India.

Regulatory Compliance

The transaction did not require any governmental or regulatory approvals. Graphite India has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As the energy storage sector continues to evolve, Graphite India's increased investment in Godi India reflects its commitment to staying at the forefront of technological advancements in supercapacitors and advanced battery materials.

Graphite India Limited , a leading manufacturer of graphite electrodes, has unveiled plans for a significant capacity expansion while reporting financial results for the first quarter.

Expansion Plans

The company's Board of Directors has approved an ambitious expansion plan for its Graphite Electrodes Division. The highlights of the expansion include:

• A proposed capacity addition of 25,000 tonnes per annum (TPA)
• The expansion will be implemented in two phases:
  • Phase 1: 13,000 TPA to be added within 12 months
  • Phase 2: 12,000 TPA to be completed within 36 months
• An investment of approximately Rs. 600 crore, including Rs. 100 crore for captive power through renewable energy sources
• The expansion will be financed through a combination of internal resources and debt

This strategic move will increase Graphite India's total capacity from the current 80,000 TPA to 105,000 TPA, representing a significant 31.25% boost in production capability. The company cited anticipated growth in graphite electrode demand as the primary rationale for this expansion.

Q1 Financial Highlights

Graphite India also reported its financial results for the quarter ended June 30:

Despite a year-on-year decline in revenue and profit, the company's performance shows resilience in a challenging market environment. The decrease in revenue can be attributed to the overall fall in electrode prices, as noted in the company's statement.

Segment Performance

The Graphite and Carbon segment, which is the company's primary business, reported revenue of Rs. 595 crore for Q1, compared to Rs. 624 crore in the same quarter last year. The Steel segment contributed Rs. 51 crore to the revenue, remaining stable compared to the previous year.

Inventory Valuation

Due to the overall fall in electrode prices, Graphite India has recognized inventory on a Net Realizable Value (NRV) basis, resulting in a write-down of inventory carrying cost. The value of this write-down stood at Rs. 77 crore as of June 30, compared to Rs. 208 crore a year ago, indicating an improvement in market conditions.

Management Commentary

While the company did not provide specific management quotes in the LODR data, the expansion plan clearly indicates the management's confidence in the future growth of the graphite electrode market. The investment in renewable energy sources for captive power also aligns with global sustainability trends.

As Graphite India moves forward with its expansion plans, investors and industry observers will be keenly watching how this increased capacity translates into market share and financial performance in the coming years. The company's ability to navigate the current pricing challenges while positioning itself for future growth will be crucial in determining its long-term success in the graphite electrode market.