Nilachal Carbo Metalicks IPO

Nilachal Carbo Metalicks is engaged in the manufacturing of low ash metallurgical (LAM) coke, with a specialisation in Ferro Alloy Grade coke, particularly in sizes of 10–30 mm and 10–40 mm. The company operates from two key facilities- its owned plant in Jajpur, Odisha, with 96 ovens and a 60,000 MTPA capacity, and a leased unit in Visakhapatnam, Andhra Pradesh, with 18 ovens and 18,000 MTPA capacity. The combined capacity utilisation stood at 48.87%. The company’s product mix is dominated by LAM coke, which contributed 94.78% of overall sales in FY25. Geographically, sales are concentrated in Odisha, accounting for 92.36%, followed by Andhra Pradesh at 7.64%. The company plans to add a 36-oven battery at its Baramana, Jajpur plant, raising its LAM coke capacity to 94,400 MTPA.