<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0002038657</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>1</amendmentNo>
<securitiesClassTitle>Common Stock, $0.01 par value per share</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>03/31/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0000931148</issuerCik>
<issuerName>GRAFTECH INTERNATIONAL LTD</issuerName>
<issuerCusip>384313508</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>982 Keynote Circle</com:street1>
<com:city>Brooklyn Heights</com:city>
<com:stateOrCountry>OH</com:stateOrCountry>
<com:zipCode>44131</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>HEG Ltd</reportingPersonName>
<citizenshipOrOrganization>K7</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>24310015</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>24310015</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>24310015</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>9.4</classPercent>
<typeOfReportingPerson>OO</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>GRAFTECH INTERNATIONAL LTD</issuerName>
<issuerPrincipalExecutiveOfficeAddress>982 Keynote Circle, Brooklyn Heights, Ohio, 44131</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>This Statement is filed on behalf of HEG Limited (the "Reporting Person").</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>The address of the principal business office of the Reporting Person is Bhilwara Towers, A-12, Sector 1, Noida (UP) 201301 NCR Delhi, Republic of India.&#13;
&#13;
The registered office address of the Reporting Person is Mandideep (Near Bhopal), Distt. Raisen-462046, Madhya Pradesh, Republic of India.</principalBusinessOfficeOrResidenceAddress>
<citizenship>Republic of India</citizenship>
</item2>
<item3>
<notApplicableFlag>Y</notApplicableFlag>
</item3>
<item4>
<amountBeneficiallyOwned>As of March 31, 2025, the Reporting Person may be deemed the beneficial owner of 24,310,015 shares of Common Stock, which represent approximately 9.4% of the shares of Common Stock outstanding. This percentage is based on 257,420,400 shares of Common Stock outstanding as of March 10, 2025, as reported by the Issuer in its definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 3, 2025.&#13;
&#13;
As of the date hereof, the Reporting Person may be deemed the beneficial owner of 25,771,069 shares of Common Stock, which represent approximately 9.98% of the shares of Common Stock outstanding. This percentage is based on 258,112,957 shares of Common Stock outstanding as of April 18, 2025, as reported by the Issuer in its quarterly report on Form 10-Q filed with the Securities and Exchange Commission on April 25, 2025.</amountBeneficiallyOwned>
<classPercent>9.4</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>24,310,015.00</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>24,310,015.00</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>Y</notApplicableFlag>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>HEG Ltd</reportingPersonName>
<signatureDetails>
<signature>/s/ Shri Manish Gulati</signature>
<title>Shri Manish Gulati, Executive Director</title>
<date>05/06/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
