Goa Carbon shares surge over 8% as Bilaspur unit resumes operations

Goa Carbon Limited witnessed its shares rally over 8% on January 2, 2025, closing at ₹752.70. The surge follows the company’s announcement of the resumption of operations at its Bilaspur unit, a key production facility.

In a regulatory filing dated January 1, 2025, the company confirmed that its Bilaspur unit, located at Sirgitti Industrial Area in Chhattisgarh, has restarted production. Goa Carbon highlighted that the kiln has been lit up and production processes have normalized.

The Bilaspur unit’s closure since December 17, 2024, had previously caused temporary disruptions. The company’s swift action to resume operations underscores its commitment to maintaining steady production levels, which has positively influenced investor sentiment.

Goa Carbon, a leader in the production of calcined petroleum coke, plays a vital role in supplying to diverse industries, including aluminum, steel, and titanium dioxide manufacturing. The market responded enthusiastically to the news, driving up the company’s stock price by ₹56.55, reflecting strong confidence in Goa Carbon’s operational stability and growth prospects.