Goa Carbon slips 3 per cent in trade

Shares of Goa carbon fell approximately 3 per cent intraday post the company’s announcement of temporary shut-down of one of its most significant units.

Goa Carbon, for the moment, has shut-down the operations at its Paradeep unit located at Udayabata, Paradeepgarh, Dist. Jagatsinghpur Orissa, due to maintenance work from August 29, 2019.

Recently, Goa Carbon reported production of 16,867.500 million tonnes (MT) of Calcined Petroleum Coke for the month of July 2019. Of the total production achieved for the month, Goa plant produced 6,146.300 MT and Pradeep plant produced 8,642.000 MT of Calcined Petroleum Coke.

Goa Carbon is into the business of manufacturing and marketing Calcined Petroleum Coke. Goa Carbon is firmly established as a leading Indian petcoke calciner. It is a regular supplier to aluminium smelters, graphite electrode and Titanium Dioxide manufacturers, as well as other users in the metallurgical and chemical industries.

The shares of Goa Carbon opened at Rs. 222 on Thursday against Wednesday’s close of Rs. 221.15. At closing hours, it was trading at Rs. 218.25, 1.31 per cent lower than its previous close. The stock hit an intraday high of Rs. 225.50 and intraday low was Rs. 214. Its 52-week high was Rs. 875 and 52-week low was Rs. 203 per share on the BSE.