Goa Carbon hits 5% UC

Goa Carbon has hit the 5% UC at Rs.792.85 today morning and this is on god news.

The company, announced on Friday after market hours that the maintenance work which it had undertaken at its Goa Unit has been completed and the Kiln has been lit up.

After preliminary heat up, feeding of raw material will commence, normal production resumed on 18th August 2018.

The company had well for Q1FY19, posting a net profit of Rs.7.45 crore v/s Rs.5.75 crore (YoY). Revenue has gone up to Rs.125 crore v/s Rs.89 crore. Its order book is at 42,000 tonne for Q2.

Goa Carbon is the second largest manufacturer of Calcined Petroleum Coke (CPC) in India. A part of the Dempo Group, GCL supplies CPC to leading domestic as well as international aluminum smelters. Company has a total manufacturing capacity of 240,000 TPA. While it started with manufacturing facility in Goa (75,000 TPA), GCL further augmented its capacity in 2002 by acquiring a petcoke calcining unit at Bilaspur in Chhatisgarh (40,000 TPA) and Paradeep Carbons Ltd. (PCL) at Paradeep in Odisha (125,000 TPA). The Bilaspur and Paradeep units are now merged with Goa Carbon.