GRAPHITE

bets big on the EV value chain ⚡🔋

board has approved a ₹4,330 crore investment to enter Synthetic Graphite Anode Materials (SGAM), a critical component in lithium-ion battery cells, along with renewables. Rolled out in phases and funded via debt and internal accruals, the move marks a strategic diversification beyond its core graphite electrode business. This isn’t just capex, it’s a pivot towards the EV ecosystem and future-facing revenue streams. Markets will now track execution, return ratios, and how effectively legacy graphite expertise translates into battery materials.