Goa Carbon shares zoom nearly 10% as its Chhattisgarh unit resumes operations

The shares of Goa Carbon Limited rallied 9.70% to an intraday high of ₹763.70 per share on Thursday as the company reported that normal operations have resumed at its Bilaspur unit in Chhattisgarh.

In an exchange filing, the company stated, "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."

The company had informed investors, through an exchange filing, on December 17, 2024, that the Bilaspur unit will be temporarily shut for carrying out maintenance work.

Goa Carbon Limited, established in 1967 and headquartered in Goa, India, is a leading manufacturer of calcined petroleum coke (CPC), a key raw material for industries like aluminum and steel. The company operates two plants in India, producing CPC through high-temperature heating of petroleum coke. Goa Carbon supplies CPC for applications such as aluminum production and the manufacture of carbon anodes, and exports a significant portion of its output globally, playing a key role in the petroleum coke supply chain.

At close on Thursday, the stocks of Goa Carbon Limited were 6.30% higher at ₹740 per share as compared to the previous close of ₹696.15 per share on the National Stock Exchange (NSE).