Shares of Goa Carbon Ltd rallied 6% on 2 January after the corporate introduced resuming operations at one among its main manufacturing crops, Bilaspur, Chhattisgarh.
The corporate’s operations resumed on 1 January 2025, in keeping with an trade submitting, which states, “The kiln has been lit, and manufacturing has returned to regular from at the moment.”
The corporate added, “We want to inform the trade that the operations on the Firm’s Bilaspur Unit positioned at 34-40, Sector B, Sirgitti Industrial Space, Bilaspur (Chhattisgarh), has resumed.”
Earlier on 17 December 2024, the corporate knowledgeable the exchanges that their Bilaspur Unit was briefly shut down for upkeep work.
As of the conclusion of the September quarter, Goa Carbon’s promoters held 59.72% of the corporate. Small shareholders with as much as Rs 2 lakh in permitted share capital personal round one-third of the corporate. Apparently, throughout this era, no home mutual funds nor worldwide institutional traders held a large stake in Goa Carbon.
Industries that use the corporate’s items embrace people who smelt aluminium, make graphite electrodes, and produce titanium dioxide. These merchandise are additionally utilized in metallurgical and chemical processes.
Of Goa Carbon’s three manufacturing websites unfold across the nation, the Bilaspur facility is the smallest. An annual manufacturing capability of 40,000 tons of calcined petroleum coke (CPC) is permitted for this operation. The opposite two services, one in Goa and the opposite in Paradeep, Odisha, have even larger capabilities, with 1,00,000 TPA and 1,68,000 TPA, respectively.
At 12:40 pm, the shares of Goa Carbon have been buying and selling 6.26% larger at Rs 739.75 on NSE.
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