Graphite India Limited , a leading manufacturer of graphite electrodes, has reported a robust financial performance for the first quarter ended June 30, along with ambitious expansion plans for its Graphite Electrodes Division.

Q1 Financial Highlights

The company's standalone financial results for Q1 show significant improvement:

Despite a slight decrease in revenue, Graphite India has managed to maintain strong profitability. The company's net profit of Rs 145 crore represents a significant improvement from the previous quarter's Rs 62 crore, indicating a positive trend in its financial performance.

Segment Performance

The Graphite and Carbon segment, which is the company's primary business, generated revenue of Rs 576 crore in Q1 FY2026. The Steel segment contributed Rs 51 crore to the total revenue.

Expansion Plans

In a strategic move to capitalize on the anticipated growth in graphite electrode demand, Graphite India's Board of Directors has approved an ambitious expansion plan for its Graphite Electrodes Division. The key details of the expansion are:

• Proposed Capacity Addition: 25,000 TPA (Tonnes Per Annum)
• Total Investment: Approximately Rs 600 crore
• Implementation: Two phases over 36 months
  • Phase 1: 13,000 TPA in 12 months
  • Phase 2: 12,000 TPA in 36 months
• Financing: Through internal resources and debt

The expansion plan also includes an investment of Rs 100 crore for captive renewable energy power, aligning with sustainable practices.

Current Capacity and Utilization

Graphite India's existing Indian capacity stands at 80,000 TPA, with a current utilization rate of 80-85%. The proposed expansion will significantly enhance the company's production capabilities, positioning it to meet the growing demand for graphite electrodes.

Market Outlook

The approval of this substantial capacity expansion suggests that Graphite India anticipates a positive outlook for the graphite electrode industry. This move is likely to strengthen the company's market position and its ability to cater to increasing demand in both domestic and international markets.

Investors and industry observers will be keenly watching how this expansion unfolds and its impact on Graphite India's future financial performance and market share in the graphite electrode sector.

Graphite India Limited , a leading manufacturer of graphite electrodes, has announced significant changes to its senior management team, effective July 23, 2025. The company has promoted two of its experienced executives to key leadership positions, strengthening its top-tier management structure.

New Senior Vice Presidents

Mahesh B Gote and Ranadeep Chakraborty have been elevated to the positions of Senior Vice President, marking their entry into the company's senior management. Both roles are positioned one level below the Whole Time Director, indicating their strategic importance within the organization.

Mahesh B Gote: A Journey of Growth

Mahesh B Gote has been promoted to Sr. Vice President - Satpur Plant and Power Division. His journey with Graphite India began in November 1996 when he joined as a Trainee Engineer. Over nearly three decades, Gote has showcased his expertise across various functions, including technical operations, management representation, purchasing, and central technical works.

• Educational Background: Gote holds a Bachelor's degree in Mechanical Engineering from Pune University, complemented by a Diploma in Mechanical Engineering from BTE Mumbai.
• Current Responsibilities: He currently heads the Power Division and oversees operations at the Satpur Plant.

Ranadeep Chakraborty: Bringing Extensive Industry Experience

Ranadeep Chakraborty has been appointed as Sr. Vice President – Durgapur (works). Although relatively new to Graphite India, having joined in January 2021, Chakraborty brings a wealth of experience to his role.

• Industry Experience: With over 28 years in the industry, Chakraborty has worked with various companies, managing crucial functions such as maintenance, projects, R&D, and safety.
• Educational Qualification: He holds a degree in Electrical and Electronics Engineering from BIT Mesra, graduating in 1992.
• Current Role: Chakraborty currently heads the Graphite plant in Durgapur, overseeing all operational aspects.

Strategic Implications

These promotions reflect Graphite India's commitment to recognizing and nurturing internal talent. By elevating experienced professionals to senior management positions, the company aims to strengthen its leadership team and drive future growth initiatives.

The appointments are strategically timed, potentially positioning Graphite India to leverage the extensive experience of both Gote and Chakraborty in navigating the evolving landscape of the graphite electrode industry.

As Graphite India continues to adapt to market dynamics, these senior management changes may play a crucial role in shaping the company's operational strategies and maintaining its competitive edge in the global market.