Graphite India Ltd has announced that the Board of Directors of the Company at its meeting held on May 13, 2010, have revised its electrode capacity expansion plan at its Durgapur Plant from 10,500 tonnes to 20,000 tonnes per annum given the competitive capital cost and anticipated improvement in electrode demand in the medium term.

As per report the additional capacity of 9,500 tonnes will be installed at a very low CAPEX of INR 67.50 Crore.

The focus of the expansion plan is to provide facilities with eco-friendly advanced technology and greater energy efficiency. The total cost of expansion is now expected to be INR 255 crore, to be funded through internal accruals and debt. The expansion is expected to be completed by Q3 of FY 2011-12.

(Sourced from Equity Bulls)