Shares of Goa Carbon Ltd rallied 6% on 2 January after the company announced resuming operations at one of its major manufacturing plants, Bilaspur, Chhattisgarh.
The company’s operations resumed on 1 January 2025, according to an exchange filing, which states, “The kiln has been lit, and production has returned to normal from today.”
The company added, “We wish to inform the exchange that the operations at the Company’s Bilaspur Unit located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chhattisgarh), has resumed.”
Earlier on 17 December 2024, the company informed the exchanges that their Bilaspur Unit was temporarily shut down for maintenance work.
As of the conclusion of the September quarter, Goa Carbon’s promoters held 59.72% of the company. Small shareholders with up to Rs 2 lakh in approved share capital own around one-third of the company. Interestingly, during this period, no domestic mutual funds nor international institutional investors held a sizable stake in Goa Carbon.
Industries that use the company’s goods include those that smelt aluminium, make graphite electrodes, and produce titanium dioxide. These products are also used in metallurgical and chemical processes.
Of Goa Carbon’s three manufacturing sites spread around the country, the Bilaspur facility is the smallest. An annual production capacity of 40,000 tons of calcined petroleum coke (CPC) is permitted for this operation. The other two facilities, one in Goa and the other in Paradeep, Odisha, have even higher capabilities, with 1,00,000 TPA and 1,68,000 TPA, respectively.
At 12:40 pm, the shares of Goa Carbon were trading 6.26% higher at Rs 739.75 on NSE.
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