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Goa Carbon resumes operations at Bilaspur plant
PTI
New Delhi |
Updated on
April 05, 2021
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Petcoke maker Goa Carbon on Monday said that operations at its Bilaspur unit in Chhattisgarh has resumed. “Normal production at the company’s Bilaspur unit. has resumed from April 3, 2021,” Goa Carbon said in a regulatory filing. On February 24, the company had said its Bilaspur unit had been temporarily shut down for maintenance work. Goa Carbon is in the business of manufacture and marketing of calcined petroleum coke. The company is a regular supplier to aluminium smelters, graphite electrode and titanium dioxide manufacturers, as well as other users in the metallurgical and chemical industries.
Shares of graphite electrode (GE) manufacturers, Graphite India and HEG, were in focus, surging by up to 10 per cent, on the BSE on Wednesday on expectation of the pick-up in steel production globally is expected to drive demand for GEs.
Shares of Graphite India hit a 52-week high of Rs 517.40, rallying 10 per cent on the BSE in intra-day trade on the back of heavy volumes. HEG s stock soared 9 per cent to Rs 1,635, trading close to its 52-week high of Rs 1,645.80, touched on March 3. In comparison, the S&P BSE Sensex was up 0.54 per cent at 51,301 points, at 02:28 pm.
In the past one month, HEG s stock (up 34 per cent) and Graphite India (up 16 per cent) have outperformed the Sensex, which gained a marginal 0.02 per cent during the period.
At 6 5% CAGR, Needle Coke Market Worth 6 01 Billion by 2027, says Brandessence Market Research yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
In late December 2020, China’s Inner Mongolia began issuing a series of policies to restrict its metallurgical sector in an attempt to control its energy consumption. Affected industries include coal, aluminium, ferro-alloys and semi-coke among others.