Goa Carbon (GCL), the country’s largest manufacturer of calcined petroleum coke (CPC), plans to spend Rs 700 to build a factory and expand its coke plant.
The company is 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.
The location is expected to be Dhamra (Orissa) or Gujarat, from where exports of CPC would be convenient through nearby ports. India produces and consumes about 0.5 million tonnes of CPC annually.
The company plans to spend another Rs 100 crore to raise capacity of its existing plant in Paradip to 2.5 lakh tonnes from 1.5 lakh tonnes. It will also invest Rs 100 crore to generate 18 mw of power, of which 11 mw has been scheduled for Paradip. The plant in Bilaspur is proposed to generated 5 mw of electricity.
Currently, the company produces 2.4 lakh tonnes of CPC at its three locations.
