Goa Carbon plans to invest Rs 700 crore on expansion

Goa Carbon plans to invest Rs 700 crore on expansionGoa Carbon (GCL), the country's largest manufacturer of calcined petroleum coke (CPC), plans to spend Rs 700 in its brownfield and greenfield expansions. The company is presently in the process of setting up a CPC plant on the eastern coast with a capacity between 3.5-5 lakh tonnes at an investment of Rs 500 crore. It has appointed a technical consultant for this and has short-listed 2 locations i. e., Dhamra and Gujarat, for its greenfield plant. The company plans to spend another Rs 100 crore to raise capacity of its existing plant in Paradip to 2,20,000 tonne from 1,50,000 tonne per annum. The company will also invest another Rs 100 crore in setting up a total of 18 MW power plants. The company will set up an 11-MW power plant in Paradeep, 5 MW in Goa, and 2 MW in Bilaspur. India produces and consumes about 0.5 million tonnes of CPC annually. Currently, the company produces 2.4 lakh tonnes of CPC at its three locations.

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