Foundry Fuel Products

Foundry Fuel Products Limited is a company in the metallurgical coke sector whose factory has been non-operational since 2010 due to a shortage of working capital. Its promoters are taking positive steps towards restarting operations and are in the process of infusing funds for the revival of the company's business. The company's main objective is to achieve a turnaround to resume operations, which includes exploring new projects or business opportunities to secure its future. Management is also evaluating the option to sell or lease its entire business undertaking to secure funds and settle outstanding trade liabilities. Despite its current challenges, the company maintains a paid-up equity capital of ₹801.94 Lakhs as of March 31, 2024. For the 2023-24 financial year, the company reported a loss of ₹25.05 lakhs, reflecting its current non-operational status.;