At 9:16 AM, Goa Carbon’s stock surged 6.37% to ₹827.45 after the company announced the resumption of operations at its Goa unit. In a statement to the exchange, Goa Carbon confirmed that, following its earlier communication on 29th July 2024, the Goa Unit located at St. Jose de Areal, Salcete-Goa has resumed operations as of today.
The Kiln has been lit, and after the preliminary heat-up and the commencement of raw material feeding, normal production is expected to resume shortly. The restart of operations is seen as a positive development, likely to drive production and support future revenue growth, boosting investor sentiment.
