Graphite India Limited , a leading manufacturer of graphite electrodes, has taken a significant step towards expanding its product portfolio. The company announced that it has entered into a Memorandum of Understanding (MOU) with the Government of Maharashtra for a proposed investment in a synthetic graphite anode material project.

Project Details

The MOU outlines Graphite India's plans for a "Synthetic Graphite Anode Material (SGAM) & Others" project in Maharashtra. This strategic move aligns with the growing demand for advanced materials in the energy storage sector, particularly for lithium-ion batteries used in electric vehicles and renewable energy systems.

Investment and Approvals

While the exact investment figure has not been disclosed, the company stated that the proposed investment is subject to finalization of terms and conditions. Graphite India is currently awaiting relevant corporate and regulatory approvals to move forward with the project.

Significance of the Project

The synthetic graphite anode material project represents a potential diversification for Graphite India, which has traditionally been known for its graphite electrode production. By venturing into anode materials, the company is positioning itself to capitalize on the rapidly growing electric vehicle and energy storage markets.

Next Steps

Graphite India has informed the stock exchanges that it will provide further details once the terms and conditions are finalized and necessary approvals are obtained. The company's move into synthetic graphite anode materials could open up new revenue streams and strengthen its position in the evolving graphite industry.

Market Response

As news of the MOU signing spread, investors and industry analysts are likely to watch closely for further developments on this project. The successful implementation of the synthetic graphite anode material facility could potentially enhance Graphite India's competitive edge in the global market.

The company's strategic expansion into advanced materials aligns with India's push for self-reliance in critical technologies and materials for the renewable energy and electric vehicle sectors. As the project progresses, it may contribute to the state of Maharashtra's industrial growth and potentially create new employment opportunities in the region.

Graphite India Limited will keep its shareholders and the public informed of any significant developments regarding this project through appropriate disclosures to the stock exchanges.

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.