Epsilon Carbon Pvt. Ltd., signed a Memorandum of Understanding (MoU) with the government of Odisha to invest ₹10,000 crore over ten years, pioneering the future of carbon manufacturing in India. The significant investment will materialise into an Integrated Carbon Complex (ICC) located in Jharsuguda, Odisha.
The Integrated Carbon Complex (ICC) will include the following three carbon products:
*Speciality Carbon Capacity: 500,000 MT/annum
*Carbon Black Capacity: 300,000 MT/annum
*Advanced Materials Capacity: 75,000 MT/annum
As per the press release, Epsilon Carbon will also be collaborating with the local communities to ensure their overall prosperity through programs in key areas such as education, skill development, healthcare, and infrastructure. Jharsuguda’s industrial ecosystem, availability of skilled labour, robust infrastructure, and industry-friendly policies make it an ideal location for the upcoming mega project.
The project also benefits from proximity to major steel industries, ensuring a constant supply of raw materials. The strategic advantage of the project is enhanced by Jharsuguda’s recognition as India’s aluminium hub, a region extensively utilising coal tar pitch. Additionally, the project benefits from well-connected ports like Paradip, ensuring smooth export operations.
Vikram Handa, Managing Director, Epsilon Carbon commented, “Our decision to invest in Jharsuguda reflects our confidence in the region’s potential. The industrial-friendly policies of the government of Odisha, coupled with the existing steel and aluminium industries, align perfectly with our sustainable business strategy. This venture not only strengthens our presence in the carbon industry but also marks a significant milestone in our commitment to sustainable development. Epsilon Carbon looks forward to pioneering innovation and excellence in carbon manufacturing while contributing to the industrial growth and prosperity of Jharsuguda and the surrounding regions”.
