1. India Carbon Limited is India’s leading producer of Calcined Petroleum Coke provides the right blend of people & products to serve the needs of the Aluminum, Steel, & other Carbon consuming industries.

2. The Company, established in 1961 was founded by Mr. B. Himatsingka and is a pioneer of the Calcining industry has set up Asia's first Calcination Plant at Guwahati in 1962. ICL since inception has also been in Technical & Financial Collaboration with Oxbow Calcining LLC (formerly Great Lakes Carbon LLC)  USA -World Leaders in the Calcined Petroleum Coke field.

3. The Company then went ahead and established its second calcination plant in 1969 at Budge Budge, West Bengal. India Carbon's primary business is the manufacture and supply of high-quality Calcined Petroleum Coke (CPC) which is the purest form of Carbon, containing over 99.5% of it. Along with the Calcined Coke, the Company also specializes in the production of Electrode Carbon Paste (ECP) and Tamping Paste used widely in the Ferro Alloys and Allied industries and also in the production of Carbide. Both the Electrode Carbon Paste as well as the Tamping Paste are produced from a mixture of different carbonaceous material (CPC, Calcined Anthracite Coal, etc.) and Soft Pitch which is used as a binder.

4. The primary raw material used by ICL for its operations is Raw Petroleum Coke, frequently referred to as RPC which is purchased from Oil refineries all over the world. RPC itself is produced from the thermal cracking of crude.

The primary customers for ICL are:

1. Aluminum industry - National Aluminium Company Limited (NALCO), HINDALCO Industries Limited (HINDALCO), Bharat Aluminium Company Limited (BALCO) and Madras Aluminium Company Limited (MALCO).

2. Steel Industry - Steel Authority of India Limited (SAIL), Tata Iron and Steel Company Limited (TISCO) and Essar Steel,

3. Graphite Industry- Graphite India Limited and Hindustan Electro Graphite Limited.

Review of FY20-21 Performance

a) During the Financial Year ended 31.03.2021, The Company has achieved a gross revenue from operations amounting to Rs.196.25 Crore, as against Rs.206.19 Crore in the Previous Financial Year, a decrease in the Sales by 4.83 %, as compared to the Financial Year ended on 31.03.2020.

b) Production of Calcined Petroleum Coke (CPC) & Electrode Carbon Paste (ECP) during the Financial Year under review is 66,384MT & 4368MT, as against 85,990MT & 4811MT respectively in the Previous Financial Year and exhibits a decrease of the productions of CPC & ECP by 22.80% & 9.21%.

c) Sales of CPC & ECP during the Financial Year under review is 64,321 MT & 4,224 MT, as compared to 70,563 MT & 4,520 MT respectively, in the Previous Financial Year and also show a decrease by 8.85% & 6.55%.

d) The Company has earned a profit after tax of Rs. 52.92 crores, as against a loss of Rs. 36.46 crores in the previous year.

Review of FY22-23 Performance

a) The revenue from operations increased from 456 in FY2022 to 566 in FY2023, marking a growth of approximately 24.12%, indicates a significant rise in the company's operational activities.

b) The sales of Calcined Petroleum Coke increased by 22%, and the sales of Electrode Carbon Paste increased by 51%.

c) EBITDA saw a sharp decline from 100 in FY2022 to 33 in FY2023. This is a decrease of 67%.

d) The OPM decreased from 21.93% in FY2022 to 5.83% in FY2023. This is due to 40% increase in the cost of material consumed.

e) The finance cost, which represents the interest and other costs associated with borrowing, increased from 1 in FY2022 to 7 in FY2023

f) The PAT decreased from 81 in FY2022 to 24 in FY2023, marking a decline of approximately 70.37%.