Graphite India Ltd

Graphite India Limited, formerly known as Carbon Corporation Limited, was incorporated on 2nd May, 1974. During the year 1993-94, Graphite Vicard India Ltd was amalgamated with the Company w.e.f. January 1, 1994 and the name of the Company changed from Carbon Corporation Limited to Carbon Everflow Limited and again was changed from Carbon Everflow Limited to Graphite India Limited on April 1, 2001. Graphite India is the pioneer in the manufacture of Graphite Electrode in India. The Company is engaged in production of Graphite Electrodes, Other Miscellaneous Graphite & Carbon Products and related Processing. It manufactures Glass Reinforced Plastic (GRP) Pipes and High Speed Steel and Alloy Steel. Power constitutes one of the major costs of Electrode production. For captive consumption, it has an installed capacity of 18 MW of power generation through Hydel route. The Company's manufacturing facilities are located at Nasik in Maharashtra, Durgapur in West Bengal, Bangalore, Mandya and Mysore in Karnataka and Barauni in Jharkhand. The Company operates in three segments, namely Graphite and Carbon, Power and Others. The Graphite and carbon segment engaged in the production of graphite electrodes, anodes and other miscellaneous carbon and graphite products. The Power segment engaged in generation of power. The Other segment comprises of manufacturing of impervious graphite equipment and glass-reinforced pipes. During the year 2000-01, Carbon Investment Ltd, a subsidiary company merged with the company. Also, Graphite Holdings Ltd and Graphite Investments Ltd, subsidiaries of the the Company merged with the Carbon Enterprises Limited. During the year 2003-04, the company received trial orders in overseas markets for 28'' dia Electrodes. In September 2003, they commissioned the 1.5 MW Link Canal Project in Mandya District in Karnataka. Also, the name of the subsidiary company was changed from Carbon Enterprises Ltd to Carbon Finance Ltd with effect from December 12, 2003. During the year 2004-05, the company acquired two overseas subsidiaries, namely Graphite International BV and Carbon International Holdings NV. These subsidiaries acquired the assets of Conradty group of Companies in liquidation through the step down subsidiaries. The company re-commissioned the closed graphite electrode production processes during the year. During the year 2005-06, the expansion module of 20,000 MT of Graphite Electrodes with the state-of-the-art technology was fully commissioned and as a result of this the production capacity of Durgapur Plant has risen to 34,000 MT from 14,000 MT. In Nasik, the new module of Graphite Tube Production Line facility, and Flexible graphite continuous roll production line, were commissioned. During the year 2007-08, the company entered into a long-term agreement with a power producer in the private sector to obtain power at lower cost as compared to the grid cost. The Company expanded Graphite Electrode manufacturing capacity at Durgapur Plant in West Bengal by 10500 MT at an estimated cost of Rs. 187.50 crore. Graphite India's capital expenditure amounted to Rs. 33.01 crore for the financial year ended 31 March 2014 as against Rs. 40.95 crore in the previous year. Graphite India's capital expenditure amounted to Rs. 31.66 crore for the financial year ended 31 March 2015 as against Rs. 33.01 crore in the previous year. Pursuant to the amalgamation of promoter group investment companies with Emerald Company Ltd. (ECL) (also a promoter group company), the equity shareholding of ECL in Graphite India exceeded 50% during the year. As such, the company became a subsidiary of ECL. During the financial year ended 31 March 2016, Graphite India's Powmex Steels Division (PSD) developed special sections of squares and flats in M2 grade for domestic market. The Company added another 10 MW capacity of Hydel Power to CCKT Unit in FY24. The 9 Wind Turbines with an installed capacity of 18.9 MW wind power plant commissioned in FY 2025. The Company installed 8.8 MWp Solar Power plant at Bhoom, Maharashtra, which was commissioned in February 2025. The Company installed additional 5 MW Hydel Power Plant in Chunchanakatte (CCKT), near Mysuru in 2026. Company has also developed cost-effective applications of Graphite Specialities for use in energy storage systems. It has completed he development of CC Brake Discs with MARK-IV SOP for LCA MK-1 aircraft during the year.