Graphite India Invests ₹4,330 Cr in Synthetic Graphite Anode Materials for Lithium-Ion Batteries

Kolkata-based Graphite India has invested ₹4,330 crore in synthetic graphite anode materials (SGAM) for lithium-ion batteries, as well as in other areas including renewable energy. The investment will be funded through a combination of debt and internal accruals.

The company stated in a regulatory filing that it is developing synthetic graphite anode materials, which are used in lithium-ion battery cells—a critical component of the electric vehicle (EV) ecosystem.

With this latest investment, Graphite India is diversifying into a new product line and generating a new revenue stream. The company’s capital expenditure commitment also signals long-term expansion rather than incremental investment—particularly in renewables, grid digitalization, and demand-side management.

Previous Collaborations

Graphite India is engaged in the business of manufacturing graphite electrodes and specialties, calcined petroleum coke, impervious graphite equipment, glass-reinforced plastic pipes, steel, and renewable energy generation.

It has previously collaborated with the Maharashtra government by signing a Memorandum of Understanding (MoU) on 29 August 2025 to facilitate its proposed investment. Graphite India had earlier announced plans to invest in the state for a "Synthetic Graphite Anode Material (SGAM) & Others" project.

In December 2025, Graphite India Limited (GIL) and Kivoro—a corporate spin-off of Graphenea and a leading innovator in graphene-based industrial additives—signed an Exclusive Distribution and Commercial Partnership Agreement to bring Kivoro’s next-generation Graphene-based Heat Transfer Additive (HTA) technology to the Indian corrugated paperboard industry.

Under the agreement, GIL became the exclusive distributor of Kivoro’s Heat Transfer Additive across India, focusing on deployment within the corrugated paperboard sector—a fast-growing, efficiency-driven industry where thermal performance improvements can significantly reduce energy consumption and costs.