PETRO CARBON AND CHEMICALS IPO Review - Issue Date, Price, GMP, Allotment, Lot Size, and Details

About PETRO CARBON AND CHEMICALS Limited

Petro Carbon And Chemicals Limited (PCCL) was established on November 5, 2007, specializing in the manufacturing and supply of Calcined Petroleum Coke. With a focus on excellence, PCCL serves various industries with its high-quality products. PCCL is a part of the ATHA GROUP, a multi-product, multi-technology, multi-location business conglomerate. The Group has a diversified business portfolio in Mining, Power, Steel, and extends its activities to International Projects, fostering global partnerships and collaborations. Situated in Haldia, amidst the strategic location of Purba Midnapore District, West Bengal, the plant stands proud with a capacity of 93,744 Metric Tonnes Per Annum (MTPA). Spanning across approximately 30 acres, their facility is equipped with state-of-the-art infrastructure, featuring a specialized railway siding engineered to optimize the seamless movement of materials. Strategically situated in close proximity to Haldia port, their plant leverages its advantageous location for seamless access to imported raw petroleum coke, the key ingredient in CPC manufacturing. Their facility boasts a substantial storage capacity, accommodating over 60,000 tons of raw coke on-site, while a covered warehouse provides shelter for more than 20,000 tons of Calcined Petroleum Coke.

PCCL is a major supplier to aluminum smelters, foundries, dioxoide industries, steel and titanium manufacturers. Their major clientele include reputed companies like Hindalco, Nalco and other allied companies. PCCL’s commitment to quality permeates every aspect of its operations. Rigorous quality control protocols are meticulously enforced throughout the production process, ensuring that products meet stringent industry standards. From meticulous raw material sourcing to precise final product delivery, PCCL maintains unwavering standards to deliver products of unparalleled quality and consistency. Built upon a foundation of reliability, integrity, and customer satisfaction, PCCL has emerged as a formidable player in the market, trusted for its impeccable standards.

In addition to its steadfast focus on quality, PCCL allocates significant resources to research and development endeavors aimed at enhancing product quality, operational efficiency, and environmental sustainability. By exploring cutting-edge technologies and innovative processes, PCCL aims to minimize waste, conserve resources, and promote sustainable practices across its value chain.

INDIAN CHEMICAL AND PETROCHEMICAL INDUSTRY

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. The position of India’s Chemical and Petrochemical industry in the global chemical market is summarized in the snapshot presented.

INDIAN CPC INDUSTRY

Calcined petroleum coke (CPC) is one of the major raw materials for the Aluminium Industry. Like any other raw material, it plays a significant role in the aluminium production process. 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.

Raw Petroleum Coke to Calcined Petroleum Coke

Raw petroleum coke is calcined to remove excess water and volatile matter in rotary kilns or shaft kilns. Rotary kilns are most widely used for economic reasons. Calcination temps are between (1250-1400) °C. The calcined coke leaving the kiln is discharged into a rotary cooler, where it is quenched with direct water spray at the inlet and then cooled by a stream of ambient air. The calcining operation can have an important influence on coke quality. Cokes with significantly different volatile contents (quality and quantity) and impurity levels should be calcined differently. CPC is the product from calcining petroleum coke. This coke is the product of the coker unit in a crude oil refinery. The calcined petroleum coke is used to make anodes for the aluminium, steel and titanium smelting industry. The green coke must have sufficiently low metal content to be used as anode material. Green coke with this low metalcontent is called anode-grade coke. When green coke has excessive metal content, it is not calcined and is used as fuel-grade coke in furnaces.

Extensive research is taking place since more than 30 years to find an alternative to this material. It is known that though considerable progress has been made in finding right kind of materials for making inert anodes, it may take many years to address the impending problems associated with fabrication and use of inert anodes. Hence, today more focus is required on the carbon anodes made out of CPC & coal tar pitch (CTP) for continual improvement of performance of the electrolytic pots producing aluminium metal. Some of the prominent companies in CPC manufacturing in India, besides Goa Carbon Ltd., are Atha Group, Rain Industries Limited, Sanvira Industries Limited, Graphite India Limited, India Carbon Ltd. etc.

PETRO CARBON AND CHEMICALS LIMITED STRENGTHS

1. Well positioned to capture the growth potential of the Indian carbon industry
2. Track record of growth and efficient operations
3. Strategic location of our Plant provides us with competitive advantages
4. Strong track record of financial performance
5. Experienced senior management and large pools of skilled manpower

PETRO CARBON AND CHEMICALS LIMITED STRATEGIES

1. Adopt Environment friendly technologies
2. More focus on Research & Development

PETRO CARBON AND CHEMICALS LIMITED RISK FACTORS & CONCERNS

1. The Company derives a substantial portion of its revenues from sales of aluminium and steel industry and has a single product CPC.
2. Prices and sales volumes for their CPC are dependent on the aluminium industry.
3. The promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale.
4. They depend on the success of their relationships with their clients.