Following recent speculation among investors, London-listed Tirupati Graphite has confirmed that there are no plans to take the company private, emphasising that the board remains confident that being listed on the LSE will help the company grow.
Since its initial public offering in December 2020, Tirupati has developed and commissioned two graphite projects in Madagascar, making it one of the five largest non-Chinese graphite companies by production capacity and one of only three publicly listed commercial-scale producers.
“Since the admission to the LSE . . . the company has achieved significant milestones towards its goals. We remain committed to being a public company and to the London market.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India. The Company is delivering on this strategy by being fully integrated from mine to graphene. Its global multi-location operations include primary mining and processing in Madagascar, hi-tech graphite processing in India to produce specialty graphite, and a state-of-art graphene and technology R&D center to be established in India.