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Goa Carbon Surges Over 8% Following Major Product Launch Announcement

24 June 20244 mins read by Angel One
Leading manufacturer of calcined petroleum coke, announces the launch of its first branded product, "gcarb+," aimed at revolutionizing the recarburiser & carbon additive markets
Goa Carbon Surges Over 8% Following Major Product Launch Announcement
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A New Era in Carbon Solutions

Goa Carbon Ltd., a veteran and leading manufacturer of calcined petroleum coke (CPC), proudly announces the launch of its first branded product, “gcarb+,” aimed at revolutionizing the recarburiser and carbon additive markets. This launch highlights the company’s commitment to quality, sustainability, and industry leadership.

Stock Performance

The stock rallied over 8% on Thursday and hit an intraday high of Rs 873 on NSE. The stock of Goa Carbon has reclaimed its 20-DMA and volume for the day stood at 2.83 lakh shares, which is the highest single day volume in the last one month. In 2024, the Goa Carbon stock price gained 48%.

Superior Quality and Sustainability

“gcarb+” stands out for its superior quality and is derived from the finest raw materials sourced globally. The product comes with guaranteed specifications, including low sulphur content, which significantly reduces harmful emissions and supports environmental sustainability. “gcarb+” is a high-performance carbon raiser/additive, designed to meet the specific requirements of the primary and secondary steel manufacturers and foundry industries.

Launch Event: A Milestone

The brand launch event was a significant occasion attended by notable figures including Mr. Shrinivas V. Dempo, President of the Goa Chamber of Commerce and Industry (GCCI) and Chairman of Dempo Group of Companies, and Mr. Anupam Misra, Executive Director of Goa Carbon Limited. The event marked the unveiling of the “gcarb+” logo and brand, symbolizing the company’s forward-looking vision and commitment to innovation.

Core Values and Market Leadership

Mr. Shrinivas V. Dempo congratulated the entire Goa Carbon team for their first branded offering and praised the initiative to provide a superior solution for the ‘Recarb’ industry. He emphasized the core values of the Dempo group: Integrity, Fairness, Solicitude, Teamwork, Innovation, and Social Responsibility, and expressed satisfaction that the brand’s philosophy aligns with these values.

Vision for Total Carbon Solutions

Mr. Anupam Misra highlighted that the introduction of “gcarb+” marks a significant milestone in Goa Carbon Limited’s journey. He stated, “Goa Carbon has been a trusted name in the recarb industry. It was imperative for us to bring creative and innovative solutions. We aim to offer need-based value-added services in addition to supplying CPC, aligning with our vision to be the total carbon solution provider.” The new brand is set to redefine industry standards, offering a blend of quality, performance, and value-added services that reinforce Goa Carbon Limited’s market leadership.

About Goa Carbon Ltd

Established in 1967, Goa Carbon manufactures Calcined Petroleum Coke (CPC) and operates plants in Goa, Bilaspur, and Paradeep with a combined annual capacity of 308,000 MT. Serving industries like aluminum smelting, graphite electrodes, and titanium dioxide manufacturing, the company is known for its expertise in green coke blending. Listed on BSE and NSE, Goa Carbon’s facilities are ISO 9001 and ISO 14001 certified, featuring advanced dust extraction systems and well-equipped laboratories. Its strategic port-based locations enhance export capabilities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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