Hyderabad: Graphite India Limited (“Graphite India” or the “Company”, BSE: GRAPHITE; NSE: 509488), one of the largest producers of graphite electrodes globally, has entered into a definitive transaction with a cash consideration of Rs. 50 Crores for an investment in Compulsory Convertible Preference Shares of GODI India Private Ltd (“GODI India”), which on a fully diluted basis will provide an equity shareholding of 31% in the company.
GODI India, which is currently backed by Blue Ashva Capital, a venture capital fund, is engaged in advanced chemistry R&D to support the manufacturing of sustainable batteries for electric vehicles and supercapacitor-based energy storage systems. In addition to high power density Lithium-ion batteries, GODI India has developed technical expertise in advanced technologies such as Sodium ion and Solid State batteries.
GODI India’s technologies include Aqueous Electrode ProcessingTM, Active Dry CoatingTM and Pranic BinderTM which are environment friendly and carbon neutral processes. It is a signatory to The Climate Pledge co-founded by Amazon and Global Optimism in 2019 as a commitment to reach net-zero carbon by 2040.
Significant growth in electric vehicle sales and the increasing demand for energy storage systems are underpinning the attractive industry dynamics for the production of battery cells and supercapacitors. GODI India is strategically positioned to capitalise on this opportunity.
Next Story:
Pan Shop Theft Case: Mailardevpally Police Arrest Two Persons
Hyderabad, April 14 (Maxim News): Mailardevpally Police arrested two persons for allegedly breaking into a pan shop and committing theft. Here To Join Us On WhatsApp Police also recovered stolen property, tools, and a vehicle used in the offence. The case surfaced after complainant Sohail Pasha reported a break in at his pan shop. The…
Counterfeit Currency Case: Hyderabad Police Arrest Accused
Hyderabad, April 14 (Maxim News): Chaderghat Police arrested a man for circulating counterfeit currency and seized fake notes worth ₹94,000. Here To Join Us On WhatsApp The accused, Ahmed Pasha, a resident of Chandrayangutta, allegedly planned to circulate the fake currency as genuine. Police registered a case under relevant sections of the Bharatiya Nyaya Sanhita.…
Hyderabad: Kavitha Sends Chadar to Ajmer Dargah
Hyderabad, April 14 (Maxim News): K. Kavitha on Tuesday sent a ceremonial chadar to the Ajmer Sharif Dargah after holding special prayers in Hyderabad. She organised the event at the Telangana Jagruti office in Banjara Hills.
Tension During Ambedkar Jayanti Celebration In Karimnagar: ABVP Came With Flags
Karimnagar/Hyderabad, April 14 (Maxim News): Ambedkar’s 135th birth anniversary celebrations are being celebrated with great fanfare across the country. Ambedkar supporters and political leaders are paying tribute to Ambedkar’s statues by garlanding them. In this context, tension has arisen during the Ambedkar birth anniversary celebrations in Karimnagar district. ABVP activists came with flags to garland…
“Ambedkar Statue Was Restricted”: KTR Slams Congress Government
Hyderabad, April 14 (Maxim News): Working President of BRS K.Tarak Rama Rao launched a sharp attack on the Indian National Congress, alleging that the iconic Dr. B. R. Ambedkar Statue was “restricted” and neglected under the current government. Here To Join Us On WhatsApp KTR, along with party MLAs, MLCs, and senior leaders of the…
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
