PANAJI
Goa Carbon, the company producing Calcined Petroleum Coke (CPC) for multiple industrial use and promoted by the Dempo group saw its shares jump nearly 10 per cent during trading on Thursday on the back of the company's filing that it had resumed operations at its Bilaspur unit, the smallest of its three facilities in the country.
"The kiln has been lit up and production has normalized from today," the Goa Carbon Limited filing to the stock exchanges had said on Wednesday pertaining to its Bilaspur unit which has a capacity to produce 40,000 tonnes of CPC annually.
Two other plants of the company are located at Nessai, St Jose de Areal in Goa and another at Paradeep in Odisha. The Goa plant has a 1 lakh TPA capacity while the Odisha one is the largest with a capacity of 1.68 lakh TPA.
Collectively, the company has a total capacity to produce 3.08 lakh tonnes of CPC annually, much lower than the country's needs.
CPC is used in the aluminium industry for smelting, graphite electrode production, titanium dioxide manufacturing and other metallurgical and chemical processes.
Goa Carbon's shares traded at Rs 760.45 on Thursday afternoon and hit an intraday high of Rs 769.80 and the promoters (Dempo Group) holds 59.72% stake in the company.
