You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Goa Carbon gains on resuming operations at Bilaspur unit

Capital Market 

Goa Carbon rose 2.94% to Rs 379.65 after the company informed about the resumption of operations at its Chhattisgarh-based Bilaspur unit.

"The Kiln has been lit up from yesterday. After preliminary heat up and commencement of feeding of raw material, normal production is likely to resume shortly, the company said.

Goa Carbon is in the business of manufacture and marketing of calcined petroleum coke. The Goa plant has the largest mechanical sieving and screening facilities for petcoke in India. The company also has two other plants, at Bilaspur in Chattisgarh and at Paradeep in Orissa.

The company reported a net profit of Rs 0.12 crore in the quarter ended June 2021 as against net loss of Rs 5.07 crore during the previous quarter ended June 2020. Net sales rose 124.36% YoY to Rs 124.79 crore in Q1 FY22.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, October 26 2021. 11:27 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU