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GrafTech International's 30% Hike Lifts Graphite Stocks

Graphite stocks caught fire in morning trade on Wednesday, September 9, 2026. Graphite India rallied as much as 18.49%, while HEG hit its 5% upper circuit, after US-based GrafTech International announced a 30% hike in graphite electrode prices. The move has triggered expectations of stronger realisations, improved margins and potentially higher profits for Indian graphite electrode manufacturers.

stock price surge up to 18.49% in morning trade to hit its 7 years high. over 33% gained so far in CY 2026 so far. The development is particularly significant for HEG as its proposed demerger is set to create a separate entity, HEG Graphite Limited, focused on the graphite electrode business. The entity is proposed to be renamed HEG Limited and operate as a separately listed, pure-play graphite electrode company. Meanwhile, the existing listed entity will retain the advanced materials, battery energy solutions and green power businesses under the name HEG Advanced Materials Limited. With global electrode pricing firming up, investors are now watching whether Indian manufacturers can translate higher prices into sustainable earnings growth. Disclaimer: Investments in securities are subject to market risk. This is for informational purposes only. Investors must verify information before investing and consider their financial position & risk profile.

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UltraTech Cement — Building India, One Tonne at a Time

Roads are expanding. Homes are rising. Infrastructure spending is growing. And UltraTech is adding capacity at exactly the right time. UltraTech is no longer just India's largest cement company. It is becoming a national infrastructure powerhouse. The biggest trigger is scale. UltraTech crossed 200 MTPA of cement capacity in India in April 2026, taking consolidated global capacity to 205.5 MTPA — making it the world's largest cement company by capacity and sales volume outside China.  And the expansion isn't stopping. The company has committed more than ₹16,000 crore over the next three years, which is expected to take consolidated capacity beyond 240 MTPA. Its FY26 capex stood at ₹9,600 crore.  Then comes the real opportunity — India's construction cycle. Infrastructure ↑ Housing ↑ Urbanisation ↑ Roads ↑ Cement Demand ↑ Capacity ↑ Q4 FY26 cement sales volumes rose 9% YoY to 44.7 million tonnes, showing strong underlying demand.  And scale creates another advantage. More capacity → Better utilisation → Lower costs → Stronger margins → Higher cash flows UltraTech's Q3 FY26 capacity utilisation had already improved to 77%, while operating EBITDA per tonne increased to ₹1,051. Net debt/EBITDA stood at only 1.08x, giving the company financial flexibility to continue expanding.  There is also a hidden efficiency story. UltraTech has built 1,804 MW of green-power capacity, including renewable energy and waste-heat recovery, helping reduce energy costs while improving its environmental profile.  And the company is entering another adjacent opportunity. Its Cables & Wires business is progressing toward commercial launch, potentially creating another growth engine beyond cement.  Of course, cement remains cyclical. Capacity additions can pressure utilisation, coal/petcoke prices can impact margins and regional competition remains intense. But the structural story is powerful. India is building. UltraTech is expanding.

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HEG Shares Fall 64% After Demerger : What Next

Ltd shares fell around 64% to ₹260 on September 7, but the sharp decline was due to the company's demerger and the resulting price adjustment, rather than an actual destruction of shareholder value. The stock had closed at around ₹728 on Friday, while September 7 was the official ex-date for the demerger. Under the approved scheme, HEG's business has been divided into two separate entities. The existing listed company, HEG Advanced Materials Ltd, will focus on advanced materials and carbon applications while retaining its advanced materials, battery energy solutions and green power businesses. The graphite electrode business has been transferred to a separate entity, HEG Graphite Limited. For shareholders, the key point is the 1:1 demerger ratio. For every one fully paid-up equity share of HEG Advanced Materials held on the record date, shareholders will receive one fully paid-up equity share of HEG Graphite Limited. Therefore, the apparent 64% fall in the existing stock price does not represent an equivalent loss in the investor's overall holding value. HEG Graphite is expected to be listed on the stock exchanges in the second half of October 2026, after which it is proposed to be renamed HEG Limited. Ravi Jhunjhunwala will serve as Chairman, Managing Director and CEO of HEG Graphite, while continuing as a director of HEG Advanced Materials. The demerger is therefore intended to separate the graphite electrode business from the advanced materials and other businesses into distinct entities.

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HEG Advanced Materials Ltd. September 7, 2026

HEG Advanced Materials Ltd. successfully debuted on the public markets on September 7, 2026, discovering a price of ₹260 per share. This market entry surpassed general street estimates of ₹175–₹200, validating recent brokerage projections, and marks the culmination of a broader strategic reorganization aimed at unlocking distinct value across the company's core verticals. Corporate Restructuring Overview Approved by the NCLT on August 13, 2026, the erstwhile HEG Ltd. has executed a composite scheme of arrangement to separate its legacy graphite operations from its emerging technology and green energy ventures. HEG Advanced Materials Ltd. (Current Listing) Asset Portfolio: Retains the advanced battery materials, graphene, battery energy solutions, and green power verticals. Consolidation: Bhilwara Energy Ltd. has been absorbed into this entity and dissolved without a separate winding-up process. Leadership: Riju Jhunjhunwala has been appointed as Chairman, MD, and CEO for a five-year term, subject to shareholder approval. HEG Graphite Ltd. (Upcoming Listing) Asset Portfolio: Will operate strictly as a pure-play graphite electrode manufacturer. Timeline & Branding: Expected to be renamed back to HEG Ltd., targeting an independent public listing within the next 45 days. Share Swap Ratios & Entitlements The transaction establishes dedicated capital structures for both entities, with all relevant shares carrying a standard face value of ₹2: Existing HEG Shareholders: Allocated 1 share of the newly formed graphite company (HEG Graphite Ltd.) for every 1 share held as of the record date. Bhilwara Energy Shareholders: Allocated 8 shares of HEG Advanced Materials for every 10 shares previously held in Bhilwara Energy.

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HEG Advanced Materials demerger to add to market cap

SEBI RA – Shubh Consultancy – Sunil Kotak – INH000015826 HEG Advanced Materials demerger to add ₹4,000 crore market capitalisation The demerger of LNJ Bhilwara Group company HEG Advanced Materials business will boost the market capitalisation of both the listed companies to ₹18,000 crore from ₹14,000 crore currently. This implies potential value unlocking of about 30 per cent, according to leading brokerages tracking the company. Under the restructuring scheme, the existing listed entity, HEG Advanced Materials, will retain its growth businesses, including battery materials, graphene, battery energy storage and green power. The graphite electrode business will be transferred to a new entity, HEG Graphite which is expected to be listed on the BSE and NSE around 45 days after the demerger, likely in the second half of October. Shareholders will receive one share of HEG Graphite for every share held in HEG Advanced Materials on a one-for-one basis. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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Welspun New Energy acquired By Purvah Green Power

has agreed to divest its wholly-owned renewable energy subsidiary, Welspun New Energy, to Purvah Green Power in a transaction valued at approximately ₹2,500 crore. The clean energy unit's acquisition offers Purvah Green Power access to a strategic developmental pipeline. This transaction represents Welspun Group's second major clean energy monetization in a decade, following its ₹10,000 crore portfolio sale to Tata Power in 2016. Welspun Enterprises is executing a highly disciplined capital-recycling playbook. By divesting its renewable energy platform for ₹2,500 crore, it translates future project execution risks into immediate balance-sheet liquidity. This is crucial as the company remains heavily focused on execution-intensive municipal infrastructure projects. The massive cash proceeds will back stop execution of its robust ₹18,729 crore order book, particularly in the water processing and tunneling spaces which form the bulk of its business. Welspun Enterprises' move to monetize Welspun New Energy for ₹2,500 crore is a textbook execution of capital recycling. Converting an asset-heavy renewable development division into liquid capital protects margins and ensures that the company can comfortably power through near-term execution headwinds in its core infrastructure divisions. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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