Today, after the company announced, Goa Carbon advanced at 3.80 per cent to Rs 456.05, which is used for the redemption of operation at the Chhattisgarh-based Bilaspur unit. In the past few weeks, the announcement was made by the company to shut down its Bilaspur unit and Paradeep unit for maintenance of work.

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As per the statement of the rod maker, “The Kiln has been lit up from today. After preliminary heat-up and commencement of feeding of raw material, normal production is likely to resume shortly.

In India, Goa Carbon manufacturers calcined petroleum coke (CPC). The net profit of Goa carbon surged to Rs 14.48 crore in the first quarter of FY23, compared with a net profit of Rs 0.12 crore in the first quarter of FY22. Revenue from operations jumped 64.24 per cent to Rs 205.27 crore in the first quarter of FY23 over the first quarter of FY22. On Monday, the stocks rose during morning trade after its Bilaspur Unit, located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chhattisgarh), resumed operations.