Tirupati Graphite PLC Award for Best Sustainable Value Creation Strategy
March 24 2021 - 08:26AM
RNS Non-Regulatory
TIDMTGR
Tirupati Graphite PLC
24 March 2021
24 March 2021
Tirupati Graphite plc ('Tirupati' or the 'Company')
2021 Global Award for Best Sustainable Value Creation
Strategy
Tirupati Graphite plc, the fully integrated, revenue generative,
specialist graphite producer and graphene developer with operations
in Madagascar and India, is pleased to announce that it has won
CFI.co's 2021 global award for Best Sustainable Value Creation
Strategy.
More information on CFI.co's global award can be found here:
https://cfi.co/awards/category/europe/
Shishir Poddar, CEO of Tirupati Graphite, said, "We are
delighted that Tirupati, focused on being a green source in the
supply chain for EVs, flame retardants and other green
applications, has been recognised for its efforts in building value
through sustainable strategies. We as a Company have believed in
sustainability in all spheres, including environmental, social and
value creation and have built our strategies around this concept.
Our strategies of modular development, early cash flows,
integration, adoption and development of green processes and
technologies for creating green materials all emanate from this
concept and our experience and understanding of the graphite
industry.
"Notably, this achievement follows receipt of the Green Economy
Mark accreditation from the London Stock Exchange, which also
acknowledges our efforts in utilising green processes and
technologies to develop green materials. With market sentiment
behind us, we are excited to be fast-tracking every aspect of the
business, including the commercialisation of spherical graphite
('SPG') used in the anode of lithium-ion batteries, in tandem with
a globally recognised German manufacturer and continuing
discussions with prospective buyers of SPG including automobile
majors, battery and anode manufacturers."
** ENDS **
For further information, please visit
https://www.tirupatigraphite.co.uk/ or contact:
Tirupati Graphite Plc
Puruvi Poddar +44 (0) 20 3984 9894
Optiva Securities Limited (Broker)
Daniel Ingram +44 (0) 20 3137 1902
---------------------
St Brides Partners Ltd (Financial PR)
Isabel de Salis / Cosima Akerman +44 (0) 20 236 1177
---------------------
Notes
Tirupati Graphite Plc is a revenue-generative, multi-asset,
multi-jurisdictional, fully integrated producer and developer of
high-grade natural flake graphite, speciality graphite and
graphene, which captures the entire value chain. With a unique set
of properties, graphite has diverse applications with multiple
growth streams and graphene forms the new generation of 2D
materials. In support of this, the Company places a special
emphasis on "green" applications, including renewable energy
generation, energy storage and composites, and is committed to
ensuring its operations are sustainable as well.
The Company's operations include primary mining and processing
in Madagascar, where the Company operates two key projects,
Sahamamy and Vatomina; 3,000 tpa of high-quality flake graphite
concentrate with up to 96% purity is currently being produced and
sold to customers globally, and this is planned to increase to
84,000 tpa by 2024 as per the Company's modular medium-term
development plan.
In India, through Tirupati Speciality Graphite Private Limited
('TSG'), with whom the Company has a binding acquisition agreement
subject to regulatory approvals, Tirupati processes and produces
speciality graphite for use in hi-tech applications like
lithium-ion batteries, fire retardants and composites. Its
specialty graphite processing operations include the 1,200 tpa
Patalganga Project, which was commissioned in July 2019 to
manufacture and sell CARBOFLAMEX(R), a trademarked fire-retardant
expandable graphite product. At the next stage of development,
Patalganga shall further be expanded to 4,800 tpa capacity with
capabilities to also produce high purity and micronised graphite,
so increasing market and product reach by 2021. TSG has developed
unique green processing technologies for manufacturing these
advanced materials.
After establishing itself in the specialty graphite markets
through the Patalganga Project, an additional 24,000 tpa specialty
graphite processing facility is to be established in two 12,000 tpa
phases. The plant will produce expandable, high purity, micronised
and spherical graphite. The west coast of India has been chosen as
the location and a detailed feasibility study has been completed.
TSG is also in the process of establishing the Tirupati Graphene
and Mintech Research Centre, a state-of-the-art R&D centre
focussed on manufacturing graphene, developing its applications,
and further providing environmentally friendly technologies
consultancy for mineral processing. Land acquisition is in progress
in Bhubaneswar, India, and a detailed feasibility study
completed.
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