1

                                                                   EXHIBIT 23

INDEPENDENT AUDITORS' CONSENT




Graham Corporation


         We consent to the incorporation by reference in Registration Statement
No.'s 2-83432, 2-82275, 33-82432, 333-00401 and Post-Effective Amendment No. 1
to Registration Statement No. 33-82432 of Graham Corporation and subsidiaries on
Forms S-3 and S-8 of our reports dated May 18, 2001, appearing in this Annual
Report on Form 10-K of Graham Corporation and subsidiaries for the year ended
March 31, 2001.




/s/ Deloitte & Touche LLP
- --------------------------
Deloitte & Touche LLP
Rochester, New York
June 20, 2001