Graphite India Ltd is the pioneer in the manufacture of Graphite Electrode in India. The company's principal activities are to develop, manufacture and market graphite electrodes, pipes and tanks, impervious graphite equipment and related components. The company's manufacturing facilities are located at Nasik in Maharashtra, Durgapur in West Bengal, Bangalore, Mandya and Mysore in Karnataka and Barauni in Jharkhand. Graphite India Ltd operates in three segments, namely Graphite and Carbon, Power and Others. The Graphite and carbon segment engaged in the production of graphite electrodes, anodes and other miscellaneous carbon and graphite products. The Power segment engaged in generation of power. The Other segment comprises of manufacturing of impervious graphite equipment and glass-reinforced pipes. Graphite India Ltd, formerly known as Carbon Corporation was incorporated in the year 1974. During the year 1993-94, Graphite Vicard India Ltd was amalgamated with the company with effect from January 1, 1994. The name of the company was changed from Carbon Corporation Ltd to Carbon Everflow Ltd. During the year 2000-01, Graphite India Ltd was merged with the company with effect form April 1,2001 and the name of the company was changed form Carbon Everflow Ltd to Graphite India Ltd. During the year, Carbon Investment Ltd, a subsidiary company merged with the company. Also, Graphite Holdings Ltd and Graphite Investments Ltd, subsidiaries of the Graphite India Ltd were merged with the Carbon Enterprises Ltd. During the year 2003-04, the company received trial orders in overseas markets for 28'' dia Electrodes. In September 2003, they commissioned the 1.5 MW Link Canal Project in Mandya District in Karnataka. Also, the name of the subsidiary company was changed from Carbon Enterprises Ltd to Carbon Finance Ltd with effect from December 12, 2003. During the year 2004-05, the company acquired two overseas subsidiaries, namely Graphite International BV and Carbon International Holdings NV. These subsidiaries acquired the assets of Conradty group of Companies in liquidation through the step down subsidiaries. The company re-commissioned the closed graphite electrode production processes during the year. During the year 2005-06, The expansion module of 20,000 MT of Graphite Electrodes with the state-of-the-art technology was fully commissioned and as a result of this the production capacity of Durgapur Plant has risen to 34,000 MT from 14,000 MT. In Nasik, the new module of Graphite Tube Production Line facility, and Flexible graphite continuous roll production line, were commissioned. The company received the Top Exporter Award of Capexil for their export performance during the year2006-07 and Top Exporters award in the Large Enterprise category for the year 2005-06 of Eastern Region of EEPC. The company enjoys the status of a Three Star Export House. During the year 2007-08, the company entered into a long-term agreement with a power producer in the private sector to obtain power at lower cost as compared to the grid cost. In Speciality Graphite products, a modern new machine shop has been set up in India to supply speciality products in a cost efficient structure to improve the synergy between the two operations. The company plans to increase their competitive edge through further investments in conventional and non-conventional routes of power generation. Also, the company approved for the expansion of Graphite Electrode manufacturing capacity at the Durgapur Plant in West Bengal by 10500 MT at an estimated cost of Rs187.50 crore.