Epsilon Carbon will invest Rs 900 crore in setting up an integrated carbon black facility in Bellary, Karnataka, the company said on Friday. The facility is expected to be commissioned by Q3FY21 with an initial capacity of 1.15 lakh tonne per annum, requiring an investment of Rs 425 crore. The facility will gradually expand to over 3 lakh tonne per annum by FY24, with an additional investment of about Rs 475 crore.
The company currently operates a 2.2 lakh tonne per annum coal tar distillation facility that caters to the pitch demand in the aluminum industry. For its carbon black operations, the company will use waste coke oven gas from JSW Steel’s Vijaynagar and Dovi steel plants as fuel, Vikram Handa, managing director of Epsilon Carbon, told FE. Handa is the son-in-law of Sajjan Jindal, chairman, JSW Group.
