Nilachal Carbo Metalicks Limited (NCML), established on February 13, 2003, operates in the metallurgical and coke manufacturing industry. Initially incorporated as a private entity, the company transitioned to a public limited entity on February 7, 2024. NCML specializes in producing Low Ash Metallurgical (LAM) Coke and caters primarily to major ferro chrome manufacturing companies across India. Its product portfolio includes Ferro Alloy Grade Coke, Low Phosphorus Nut Coke, Ultra Low Phosphorus Nut Coke, and High-Grade Coke Fines.
The company has developed extensive manufacturing capabilities over the years. Its primary plant in Baramana, Jajpur, Odisha, operates three batteries with 96 ovens and an annual production capacity of 60,000 metric tonnes (MTPA). NCML also operates a secondary plant in Visakhapatnam, Andhra Pradesh, featuring one battery with 18 ovens and a capacity of 18,000 MTPA. Combined, these facilities bring the company’s owned and leased manufacturing capacity to 78,000 MTPA. Additionally, NCML benefits from a contract manufacturing partnership with Om Avi Carbon Resources Private Limited, leveraging their 24,000 MTPA capacity for increased production.
The company expanded strategically through an IPO launched in September 2025, offering 66,00,000 equity shares at a face value of Rs 10 each, raising Rs 56.1 Crore. The IPO comprised Rs 22.1 Crore from fresh issuance of 26,00,000 equity shares alongside Rs 34 Crore raised through the sale of 40,00,000 equity shares. These funds bolster NCML’s operational capabilities and support future growth opportunities.
NCML’s specialization in high-quality coke products and established production infrastructure positions it as a key supplier in India’s metallurgical industry, making it a potential prospect for traders seeking companies with stable operational output and strong industry alignment.
