Epsilon Carbon Pvt. Ltd., a leading player in the carbon industry, today has signed an Memorandum of Understanding (MoU) with the Government of Odisha to invest Rs 10,000 crore over 10 years. This significant investment will materialise into an Integrated carbon Complex (ICC) located in Jharsuguda, Odisha.
The project is expected to create approximately 2000 direct and indirect job opportunities, contributing to the socio-economic development of the region. 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 utilizing coal tar pitch. Additionally, the project benefits from well-connected ports like Paradip, ensuring smooth export operations.
Vikram Handa, Managing Director, Epsilon Carbon said, "Our decision to invest in Jharsuguda reflects our confidence in the region's potential. The industrial-friendly policies of the State Government of Odisha, coupled with the existing steel and aluminium industries, align perfectly with our sustainable business strategy."
With manufacturing operations in Karnataka, Chhattisgarh, and Odisha, it is one of the largest exporters of specialty carbon & carbon black globally. Its carbon black facility has an annual capacity of 115,000 metric tonnes.