Goa Carbon: Shiny performance

Goa Carbon: Shiny performance

Shares of Goa Carbon hit a 5% daily upper limit to trade at Rs 290.65 apiece on NSE after it declared its business performance for the month of November.
November 2020 production of the petrochemical company was up by 58.8% at 14,309.200 MT against 9,006.000 MT in October 2020.
The three plants of the company including Bilaspur Plant produced 434.200 MT while the Goa Plant produced 5,590.000 MT and the Paradeep Plant produced 8,285.000 MT.
Interestingly, the Bilaspur unit in Chhattisgarh resumed operations from Wednesday, 25 November 2020.
The kiln has been lit up from Wednesday, 25 November 2020. After preliminary heat up and commencement of feeding of raw material, normal production is likely to resume shortly. The announcement was made during trading hours today, 25 November 2020.
Goa Carbon reported net loss of Rs 5.03 crore in Q2 September 2020, lower than net loss of Rs 13.77 crore in Q2 September 2019. Net sales slipped 13.3% to Rs 87.93 crore in Q2 September 2020 over Q2 September 2019.
Goa Carbon is a petrochemical company engaged in the manufacture and sale of Calcined Petroleum Coke.

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