Graphite India shares rise on ₹4,330 crore capex announcement
pre-market1 source ↓written by the desknot a recommendation
- investment
- ₹4,330 crore
- shares surged
- 5.4%
- on the NSE
- ₹662
- over the past
- 46%
Graphite India’s board approved a ₹4,330 crore investment in Synthetic Graphite Anode Materials, essential for Lithium-ion batteries and renewable energy. Following this announcement, shares surged 5.4% to ₹662 on the NSE. This strategic move aims to diversify revenue streams and strengthen its position in the EV ecosystem.
• Investment to be phased and funded through debt and internal accruals.
• Share price has increased 46% over the past year.
Not investment advice. For informational purposes only.