Goa Carbon records Rs 104 lakh net profit for H1 FY08

Subscribe to Oneindia News

Panaji, Oct 16 (UNI) Goa Carbon Ltd of the flagship Dempo Group of Companies had earned Rs 103.96 lakh net profit against Rs 9,872.77 lakh sales during the first half year ended on September 30 this year.

At the same time, CCL, country's second largest manufacturer of calcinated petroleum coke, had recorded a net loss of Rs 45.14 lakh against Rs 4,714.55 lakh sales during the second quarter ended on September 30.

Loss in the second quarter was attributed to squeeze in margins on account of high FOB price of raw material and ocean freight, besides shutdown of the Goa Plant was for its annual maintenance for 60 days.

The unaudited results had been approved by CCL's Board of Directors in its meeting held here today, according to an official statement.

Goa Carbon's domestic customers include Nalco, Hindalco, Indal, Malco and Balco among others. Apart from Aluminium Pechiney, France, with whom GCL has a long-term supply agreement, exports are also made to Australia, Egypt, Dubai, Kuwait, Iran, Saudi Arabia, Singapore, Malaysia, Indonesia, Thailand, South Africa, Russia, Wales and England.

Incorporated in 1967, Goa Carbon Ltd (GCL) is the second largest manufacturer of Calcined Petroleum Coke (CPC) in India. A part of the Dempo Group, GCL supplies CPC to leading domestic as well as international aluminum smelters.

The GCL has a total manufacturing capacity of 240,000 TPA. While it started with manufacturing facility in Goa (75,000 TPA), GCL further augmented its capacity in 2002 by acquiring a petcoke calcining unit at Bilaspur in Chhatisgarh (40,000 TPA) and Paradeep Carbons Ltd. (PCL) at Paradeep in Orissa (125,000 TPA). The Bilaspur and Paradeep units are now merged with GCL.

UNI

Please Wait while comments are loading...