Tirupati Graphite Plc (GB:TGR) has released an update.
Tirupati Graphite Plc, a specialist in flake graphite crucial for the global energy transition, has announced its financial and operational updates, including the payment of interest on Convertible Loan Notes and strategies to address its financing needs. The company is focusing resources on its Vatomina project in Madagascar to reach a production capacity of 8,000 tons per annum, while maintaining the Sahamamy project under care to cut costs. These measures, along with realignment of its order book to prioritize customers who prepay or pay upon shipment, are aimed at improving working capital and navigating the challenging economic environment.
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