tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Tirupati Graphite Faces Production Delays in Madagascar, Plans Upgrades

Story Highlights
  • Tirupati Graphite is addressing production delays in Madagascar due to weather and equipment issues.
  • The company aims to achieve a 1,500 MT monthly production rate by December 2025 with planned upgrades.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tirupati Graphite Faces Production Delays in Madagascar, Plans Upgrades

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Tirupati Graphite Plc ( (GB:TGR) ) just unveiled an announcement.

Tirupati Graphite Plc has provided an operational update on its Madagascar operations, highlighting challenges faced due to unseasonal rainfall and equipment issues, which have delayed their production targets. Despite these setbacks, the company is implementing remedial measures and capacity upgrades to achieve a production rate of 1,500 metric tons per month by December 2025. These improvements are expected to enhance the quality and quantity of graphite production, although the delays have impacted cash flow, prompting the company to explore additional funding options.

More about Tirupati Graphite Plc

Tirupati Graphite Plc is a specialist graphite producer focused on supplying critical minerals for a decarbonized economy and energy transition. The company emphasizes sustainable operations and green applications, including renewable energy, e-mobility, energy storage, and thermal management. Tirupati operates two key projects in Madagascar, Sahamamy and Vatomina, with a potential combined production capacity of 36,000 tons per annum. Additionally, the company holds advanced-stage graphite projects in Mozambique, including the Montepuez project, permitted for 100,000 tons per annum production.

Technical Sentiment Signal: Sell

Current Market Cap: £8.09M

For detailed information about TGR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1