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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
CARE A
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 1 Feb 2008
This rating is over a year old.
View Full ReportValuation
Financials (FY2024)
Source: CRISILInvestment Thesis
Austral Coke and Projects Limited (now Greenearth Resources & Projects) is delisted from both BSE and NSE. The LAM coke manufacturer underwent corporate restructuring and name change. Equity holders have no secondary market exit.
Pros
Cons
Business Segments
LAM Coke Manufacturing
Manufacturing of Low Ash Metallurgical (LAM) coke used as reducing agent in blast furnaces for steel, zinc smelting, cement, ferroalloy production.
Refractory Products
Manufacturing of refractory materials for high-temperature industrial furnace applications.
Revenue Model
Austral Coke and Projects Limited generates revenue from the sale of metallurgical coke to steel manufacturers and iron foundries. The business involves processing coking coal in coke ovens to produce met coke for industrial customers.
Detailed Analysis
Growth Plans
Potential corporate restructuring or revival under new management
India's growing steel industry demand for met coke if operations can be restarted
Possible value in underlying assets (plant, land) if company undergoes liquidation or restructuring
Industry Tailwinds
Potential corporate restructuring or revival under new management
Recent Developments
No verified recent corporate developments are available for Austral Coke and Projects Limited. The extremely low share price suggests the company may be dormant or in financial restructuring.
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Frequently Asked Questions
About Austral Coke & Projects
Austral Coke and Projects Limited (now renamed Greenearth Resources & Projects Limited) is a Mumbai-headquartered manufacturer of Low Ash Metallurgical (LAM) Coke, a critical input material used in steel production and ferroalloy manufacturing. Incorporated in 1994, the company was listed on the BSE (Code: 533016) and raised capital through an IPO, building manufacturing capacity for coke production. The company's coke production was targeted at the integrated steel, foundry, zinc smelting, cement, and ferroalloy industries that rely on high-quality LAM coke as a reducing agent in blast furnaces. Metallurgical coke is produced by heating coal in the absence of oxygen (coking), and LAM coke specifically requires low ash content to maximise efficiency in blast furnace operations. Austral Coke's production facility was designed for an initial capacity of 375,000 metric tonnes per annum, with expansion plans targeting 525,000 MT per annum. The company's manufacturing unit was established with a focus on quality parameters demanded by the steel industry, including ash content, moisture levels, and coke size gradations. The company also had ambitious greenfield expansion plans including a 3 lakh MT greenfield coke manufacturing plant at Sindhudurg in Maharashtra, a refractory unit at Kutch in Gujarat, and a submerged arc welded (SAW) pipe plant in Saurashtra. These diversified projects reflected an ambition to vertically integrate into steel industry value chain segments beyond coke manufacturing. The company raised capital for these projects through its IPO on BSE. In subsequent years, Austral Coke underwent corporate restructuring and was renamed Greenearth Resources & Projects Limited, reflecting a possible pivot in business direction. The Indian metallurgical coke market, while fundamentally driven by steel production growth, has faced volatility from imported coke from China and coal price fluctuations that impact production economics. The company's corporate evolution and the name change indicate strategic repositioning since its original formation.
Key Milestones
Common questions about unlisted shares
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's growing steel industry demand for met coke if operations can be restarted
Possible value in underlying assets (plant, land) if company undergoes liquidation or restructuring
Industry Headwinds
Near-insolvency or dormant status indicated by ₹0.11 share price
No public financial disclosures available
Environmental compliance risk for coke manufacturing operations
Lack of CIN limits regulatory verification
Company renamed from Austral Coke to Greenearth Resources & Projects — strategic direction unclear
Source: Media Reports / Public Records
Original expansion plans for Sindhudurg, Kutch, and Saurashtra plants may not have materialised
Source: AlphaHub Research
Sub-penny share price of ₹0.11 is a strong indicator of financial distress, potential insolvency, or inactive operations. Investors face near-total capital loss risk.
Coke manufacturing involves significant pollution and emissions, subject to increasing environmental regulation by CPCB/SPCB, which can lead to plant shutdowns or heavy compliance costs.
Capital-intensive coke oven operations require sustained raw material supply and energy inputs; any disruption can materially impact output and revenues.
Met coke prices are tied to global coking coal prices and steel industry cycles, exposing the company to commodity price volatility.
Absence of a CIN and limited public disclosures raise corporate governance concerns and make independent verification of business activity difficult.
Incorporated 1994; listed on BSE (533016) and NSE (AUSTRAL) as Austral Coke & Projects Limited
ISIN INE936H01014; manufactured LAM coke for steel, foundries, zinc, cement, ferroalloy industries
Renamed to Greenearth Resources & Projects Limited
Subsequently delisted from both BSE and NSE exchanges