The shares of Graphite India will remain in focus on Thursday after the graphite electrode manufacturer announced that operations at two of its divisions in Germany will be discontinued due to the lasting impact of the Russia-Ukraine war.
In an exchange filing released on Wednesday, Graphite India said that the war, which has lasted more than four years now, and weak demand have adversely impacted the competitiveness of Graphite Specialities and Coating divisions in Germany. “The local management has therefore decided to discontinue and close the operations & associated service activities of the said divisions,” it added.
