Rajasthan Cylinders

Rajasthan Cylinders and Containers Limited was primarily a manufacturing company, focused on producing and selling essential items like LPG cylinders, valves, and regulators. Over the past few years, its financial performance was drastically impacted by factors like the pandemic crisis and unsupportive oil company policies, resulting in heavy losses. To counter this challenging phase, the management closed its manufacturing operations to avoid incurring further operational losses and stabilize the company's financial position. The manufacturing unit was officially closed in December 2022, and the company subsequently disposed of its plant and machinery assets. This was a strategic decision to reduce interest costs and pay off creditors, as the equipment was becoming obsolete and was no longer providing benefits. Looking forward, the company is now in the process of appointing a consultant to set up a new business, signaling a potential new strategic direction.;