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Goa Carbon Temporarily Shuts Bilaspur Unit for Urgent Maintenance

Updated on: Jan 14, 2025, 3:11 PM IST
Goa Carbon announced the temporary closure of its Bilaspur Unit for urgent maintenance on January 14, following prior closures on January 1 and December 17, 2024.
Goa Carbon Temporarily Shuts Bilaspur Unit for Urgent Maintenance
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On January 14, 2025, Goa Carbon announced the temporary closure of its Bilaspur Unit located at Sector B, Sirgitti Industrial Area, Bilaspur, Chhattisgarh, for urgent maintenance work. This follows the company’s previous statement on January 1, 2025, which confirmed the resumption of operations at the Bilaspur facility. The company had also temporarily shut down the unit for maintenance on December 17, 2024.

Production Capacity at Bilaspur and Other Facilities

The Bilaspur facility, which is Goa Carbon’s smallest manufacturing site, has an annual production capacity of 40,000 tons of calcined petroleum coke (CPC). The company also operates larger facilities in Goa and Paradeep, Odisha, with production capacities of 1,00,000 tons per annum (TPA) and 1,68,000 TPA, respectively. Goa Carbon’s products are widely used in industries such as aluminium smelting, graphite electrode manufacturing, and titanium dioxide production, and play key roles in various metallurgical and chemical processes.

Stock Performance 

On January 14, 2025, Goa Carbon share price traded up by 0.04% at 1:23 PM (IST) at ₹615.25, while the BSE benchmark Sensex gained 196.65 points to 76,526.66. Goa Carbon’s share price reached a 52-week high of ₹1,009.45 on April 04, 2024, and a 52-week low of ₹592.20 on January 01, 2024. As per NSE, the total traded volume for the stock stood at 2159 shares with a turnover of ₹13.36 lakh.

At the current price, Goa Carbon shares are trading at a price-to-earnings (P/E) ratio of 15.30x, based on its trailing 12-month earnings per share (EPS) of ₹40.22, and a price-to-book (P/B) ratio of 2.42, according to exchange data.

Company’s Ownership and Market Composition

As of the end of the September 2024 quarter, Goa Carbon’s promoters held a 59.72% stake in the company. Small shareholders, owning shares worth up to Rs 2 lakh in approved share capital, controlled about one-third of the company’s ownership. Notably, no significant domestic mutual funds or international institutional investors held a sizable stake during this period.

 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 14, 2025, 1:55 PM IST

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