Petro Carbon & Chemicals Share Price

Petro Carbon & Chemicals Limited was incorporated in Kolkata, West Bengal as a Private Limited Company, dated November 05, 2007 with the Registrar of Companies and thereafter was converted to a Public Limited, Company with a fresh Certificate of Incorporation dated February 23, 2024. Petro Carbon & Chemicals Limited is a ATHA Group Company engaged in manufacturing and marketing of Calcined Petroleum Coke (CPC) in the carbon industry. It currently operate 1 manufacturing plant located at PO: Oil Refinery, Haldia, Dist. Purba Medinipur, West-Bengal, which is presently involved in calcination of Petroleum Coke. The Plant works a capacity of approx. 93,744 tons per annum of CPC with good infrastructure facilities like own railway sliding inside the plant premises itself facilitating unloading / loading of wagons, along with yard / shed to store both Raw Petroleum Coke (RPC) / Calcined Petroleum Coke (CPC). The Company's plant was operational since year 1975, wherein the detailed engineering and layout of the plant was done by Engineers India Limited. This plant was later acquired, revamped and upgraded by the Group in 2008. Calcined Petroleum Coke commonly known as CPC is produced from Raw Petroleum Coke (RPC) also called the Green Petroleum Coke. The result of the calcining process is converting green coke to hard, dense and almost pure carbon with low hydrogen content, good electrical conductivity and a defined structure. These properties alongwith low metals and ash contents make calcined petroleum coke the best material currently available for making carbon anodes for smelting of alumina to aluminium in the electrolytic smelting process. CPC holds significant importance in the manufacturing of aluminium, and is also utilised in the production of steel and various other carbon-based products. It is widely used in aluminium industry, titanium dioxide industry, electrode manufacturing industry, foundry industry, glass industry metallurgical and chemical industry, and steel industry etc. The process entails heating raw petroleum coke to eliminate volatile impurities, resulting in enhanced properties that make it highly suitable for various manufacturing processes. On 27 June 2024, Company launched the IPO by issuing 66,17,600 equity shares of Rs 10 each and raised Rs 113.16 crores through offer for sale.