Graphite India Acquires 6.8% Stake in GrafTech International for ₹1.68 Billion

Graphite India Ltd. on Friday said it has acquired a 6.8% stake in US-based GrafTech International Ltd. for ₹1.68 billion through the overseas portfolio investment scheme.

GrafTech International operates some of the world’s largest low-cost, ultra-high power graphite electrode facilities, the company said in an exchange filing. It is also engaged in the production of petroleum needle coke, a critical raw material used in graphite electrode manufacturing.