Goa Carbon is in the business of manufacture and marketing of calcined petroleum coke. The Goa plant has the largest mechanical sieving and screening facilities for petcoke in India. The company also has two other plants, at Bilaspur in Chattisgarh and at Paradeep in Orissa.

The company's net profit soared 130.3% to Rs 15.20 crore on a 114.7% jump in net sales to Rs 274.40 crore in Q4 FY22 over Q4 FY21.