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Goa Carbon spurts after Goa unit resumes operations


Capital Market 

Goa Carbon hit an upper circuit of 5% at Rs 199.90 after the company said its Goa unit resumed operations from 19 April 2020 after taking necessary measures.

The company had temporarily shut operations at its Goa Unit from 25 March 2020 in the light of of COVID-19.

On a standalone basis, Goa Carbon reported a net loss of Rs 4.12 crore in Q3 December 2019, lower than a net loss of Rs 4.91 crore in Q3 December 2018. Net sales jumped 13.38% to Rs 106.88 crore in Q3 December 2019 over in Q3 December 2018.

Goa Carbon is engaged in the manufacture and sale of calcined petroleum coke. The firm is a supplier to aluminum smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries.

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

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First Published: Mon, April 20 2020. 09:51 IST