January 2, 2025
New Delhi, India
Goa Carbon Shares Surge
Shares of Goa Carbon Ltd, a leading calcined petroleum coke (CPC) manufacturer, surged nearly 10% today after the company announced the resumption of operations at its Bilaspur unit.
Stock Performance
- NSE Movement:
- The stock touched an intraday high of ₹763.7, marking a 9.7% increase.
- At 9:37 a.m., it traded at ₹744.5, up by 6.95%.
Resumption of Bilaspur Unit
In a regulatory filing, Goa Carbon confirmed that its Bilaspur unit, located in Chhattisgarh, has resumed normal production. The company stated, “The Kiln has been lit up, and the production has been normalised.”
- Bilaspur Unit Details:
- Smallest plant among the three, with a capacity of 40,000 TPA.
- Other units: Goa (1,00,000 TPA) and Paradeep, Odisha (1,68,000 TPA).
Operational Update
- The Goa unit was recently shut down for maintenance on December 25.
- The company supplies CPC to industries such as aluminium smelters, titanium dioxide producers, and graphite electrode manufacturers.
Financial Highlights
- Q2 FY24-25:
- Revenue dropped by 46.9% to ₹119.01 crore compared to ₹223.25 crore in the year-ago period.
- Reported a net loss of ₹10.12 crore, against a profit of ₹28.96 crore in the previous fiscal.
- Stock Trends:
- 1-Month Gain: 9.75%.
- Year-to-Date Growth: 8.47%.
- 1-Year Performance: 30.25% increase.
Disclaimer:
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