Progrex Ventures

Progrex Ventures Limited is primarily in the business of solvent extraction, oil refining, and the trading of refined oil. However, during the year under review, the company's core operations have remained suspended as it has parted with its plant and machinery. Despite the suspension, the company is hopeful and making dedicated efforts to revive its business activities in the near future. Its revival strategy is focused on building a marketing department to restart its trading operations rather than manufacturing. The company has also entered into a new joint venture for the construction of office and residential blocks on leased land. The work in progress for this new construction venture is valued at over 45 lakh rupees, indicating a diversification of its business interests.;