Petro Carbon & Chemicals Ltd IPO

About Petro Carbon & Chemicals Ltd

Petro Carbon and Chemicals Limited was incorporated as `Petro Carbon and Chemicals Private Limited' in Kolkata, West Bengal as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 05, 2007 Issued by Deputy Registrar of Companies, West Bengal. Thereafter, the Company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on January 09, 2024, and consequently, the name of the Company was changed to Petro Carbon and Chemicals Limited, and a fresh certificate of incorporation dated February 23, 2024 was Issued by the RoC to the Company.

In recent years, India is emerging as one of the competitive and high-quality manufacturing destinations in the global market, attracting foreign investments. Presently, India's chemical and petrochemical (CPC) industry holds a significant position in the world market, worth US$ 178 billion, and it is expected to grow to about US$ 300 billion by 2025.The strategic geographical location of India has enabled the country to maintain its key position in the international market. Calcined petroleum coke (CPC) is one of the major raw materials for the Aluminium Industry. CPC is used for fabrication of anodes used in the aluminum electrolysis process. Calcined Petroleum Coke (CPC) has been in use for more than 120 years to produce the carbon anodes used in the Hall-Heroult Aluminium electrolysis process. Performance of the anodes in the aluminium electrolysis process depends on many properties of CPC.

Petro Carbon and Chemicals Limited (PCCL) is a ATHA Group (the Group) Company engaged in the business of manufacturing and marketing of Calcined Petroleum Coke (CPC) in the carbon industry. Atha Group is a multi- product, multi-technology, multi-location business conglomerate. It is a 70 year old diversified Indian business house headquartered in Kolkata. The Company was founded by Mr. Kishor Kumar Atha in the year 1957 in Odisha as a Mining and Minerals company. Since the last decade, the group has been focusing towards its growth strategy of business diversification, forward and backward integrations and acquisition of projects, which has significantly helped the group maintain consistency in performance and growth. PCCL's business model is fundamentally a B2B model wherein we majorly supply our end product CPC, to the renowned, aluminum manufacturing government companies, graphite electrodes and titanium dioxide manufacturers as well as other users in the metallurgical, chemical industries and other steel manufacturing companies. In 2018, the company was honoured with the prestigious NALCO VIKRETA UTKARSH PURASKAR, recognizing us as the top supplier among all the suppliers of POL (Petroleum, Oil, and Lubricants) by the National Aluminium Company Limited.

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