Graphite India to close Germany Graphite Specialities and Coating divisions
GRAPHITE · price
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Graphite India will discontinue and close its Graphite Specialities and Coating divisions in Germany due to the lasting impact of the Russia-Ukraine war and weak demand, which hurt competitiveness. The division contributed about 4 percent of FY26 turnover (around 105 crore rupees) and had negative net worth of about 323 crore rupees. Closure expected in around 6 months, pending talks with the local Works Council. Consolidated net worth stands at 5859 crore rupees.
Cuts a loss-making overseas division contributing only 4 percent of revenue; minimal impact on consolidated financials and removes a profitability drag.