https://www.miningweekly.com
Automotive|Business|Defence|Energy|Filtration|Mining|Sensors|Storage|Products|Operations
Automotive|Business|Defence|Energy|Filtration|Mining|Sensors|Storage|Products|Operations
automotive|business|defence|energy|filtration|mining|sensors|storage|products|operations

Tirupati's shares start trading on the LSE; company obtains LSE Green Economy Mark

14th December 2020

By: Creamer Media Reporter

     

Font size: - +

The ordinary shares of integrated graphite and graphene producer Tirupati Graphite started trading on the LSE on December 14.

“With this milestone reached, we have a very exciting opportunity to continue to expand our primary mining and processing operations in Madagascar and downstream value-add operations in India and become a global leader in the graphite market, as well as offering additional upside through our graphene development," comments CEO Shishir Poddar

The company had raised £6-million in a placing, subscription and intermediaries offer of 13.33-million shares at a price of 45p, implying a market capitalisation of about £33.64-million on admission to the LSE.
 
“The successful £6-million fundraising, which saw key institutions and retail investors join our share register, highlights the qualities of our business being revenue generative with high-quality resource assets, proven low-cost operations, robust economics, supportive jurisdictions, access to end markets, and a team with a  record of delivery in the graphite space. 

"Additionally, our green credentials should not be ignored: we use cleaner processing technologies than any other business in the space and our products support numerous green applications focused on delivering sustainability targets worldwide. It is in recognition of this that we have been awarded the prestigious LSE Green Economy Mark, which we are incredibly proud of," adds Poddar.

He further points out that flake graphite has been classified as a critical raw material by the US and the European Union, while "graphene is equally extraordinary; its amazing strength, conductivity and flexibility . . . is set to revolutionise the world of advanced materials with vast amounts of technological developments happening across a range of sectors and applications including fast-charging and foldable phones, consumer wearables, supercapacitors, energy storage, aerospace, automotive, defence, medical, high-end sensors, desalination and filtration; the list is virtually unlimited.

"We believe a number of these are on the cusp of mass commercialisation over the next few years and we plan to be at the forefront of some of these potentially world changing, technological advancements," he notes.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.158 0.198s - 93pq - 2rq
Subscribe Now