Nilachal Carbo Metalicks Ltd IPO

Nilachal Carbo Metalicks Limited was originally incorporated as Company Limited by Shares under the name Nilachal Carbo Metalicks Private Limited under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by Registrar of Companies, Cuttack, on February 13, 2003, vide certificate of incorporation bearing CIN U23101OR2003PTC007061. Pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on November 30, 2023, the Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to Nilachal Carbo Metalicks Limited and a fresh certificate of incorporation dated February 07, 2024 was issued to the Company by the Registrar of Companies, Cuttack, The Corporate Identity Number of the Company is U23101OR2003PLC007061.

India has witnessed the highest ever coal production in the FY 2024 which was about 997.25 MT vs. 893.19 MT in FY 2023, a growth of about 11.65%. Most of coal requirement of the country is met through indigenous production / supply. The focus of the Government is on increasing the domestic production of coal and to eliminate non-essential import of coal in the country.

The Company was incorporated in 2003 and engaged in manufacturing of Low Ash Metallurgical (LAM) Coke and selling to most of the top ferro chrome manufacturers in the country. Its owned Plant is located at Baramana, Jajpur, Odisha has capacity of 60,000 Metric Tonnes Per Annum (MTPA). Our second Plant on leased basis at Visakhapatnam, has capacity of 18,000 MTPA. Now, the company is proposing an expansion of additional capacity of 34,400 MTPA at its owned existing vacant land available at its owned Plant.