Epsilon Carbon Pvt. Ltd. has inked a transformative Memorandum of Understanding (MoU) with the Government of Odisha, to invest INR 10,000 crore over the next decade. This investment will give rise to an Integrated Carbon Complex (ICC) situated in Jharsuguda, Odisha.
The Integrated Carbon Complex (ICC) is poised to become a powerhouse in the carbon manufacturing sector, encompassing three key products - speciality carbon with a capacity 500,000 MT/annum; carbon black with a capacity of 300,000 MT/annum and advanced materials capacity of 75,000 MT/annum.
This project is not only a game-changer in the industry but also a boon for the region's socio-economic landscape, anticipating the creation of around 2,000 direct and indirect employment opportunities.
Jharsuguda emerges as the ideal host for this mega venture, fortified by its flourishing industrial ecosystem, skilled workforce, robust infrastructure, and business-friendly policies. The strategic location, in proximity to major steel industries, ensures a seamless supply of raw materials, further complemented by Jharsuguda's stature as India's aluminium hub.
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. This venture not only strengthens our presence in the carbon industry but also marks a significant milestone in our commitment to sustainable development. '
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