Panaji, January 12, 2019: The Board of Directors of Goa Carbon Ltd. (GCL) approved the unaudited financial results for the third quarter ended December 31, 2018, on January 10, 2019. A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country.
Highlights of the quarter –
Mr. Shrinivas Dempo, Chairman, GCL, said “This was a challenging quarter for us due to the ban imposed by the Hon’ble Supreme Court on the import of pet coke which got lifted in October 2018 followed by further regulatory delays in commencing the production. The Company is planning to sell 50,000 MT of CPC during the fourth quarter of FY 2018-19 and aiming for the capacity utilization of 96% during the said quarter. Overall, the management is aiming for a turnover of Rs 500 Cr for this F.Y and the year profitability depends upon the exchange rate and the material price which the management is negotiating with the Vendors.
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