Golkonda Aluminium Extrusions

Golkonda Aluminium Extrusions Limited is a public company that was formerly in the business of manufacturing aluminium extrusions in India. The board of directors is now actively pursuing various available options to rehabilitate the company and considering future business strategies. After ceasing manufacturing operations in July 2013, the company has pivoted to dealing in the trading of ferrous and non-ferrous scrap material. To facilitate this business shift, the company sold its land, building, and other assets during the 2016-17 financial year. For diversification, the company plans to function as an investment firm to acquire, hold, and trade financial securities like shares and bonds. Reflecting recent financial improvement, the company generated a profit of ₹14,365.94 thousand, reversing the loss from the previous year.;