What does Bharat NRE Coke Limited produce?

Bharat NRE Coke Limited is engaged in the production of metallurgical coke and coal products. Metallurgical coke (met coke) is a key raw material used in blast furnaces for pig iron and steel production.

When was Bharat NRE Coke Limited incorporated?

Bharat NRE Coke Limited was incorporated in 2003 with CIN U23109WB2003PLC097375 in West Bengal, India.

Is Bharat NRE Coke Limited listed on a stock exchange?

No. Bharat NRE Coke Limited is an unlisted company. With a share price of ₹1, it appears to be traded at penny stock levels on informal unlisted markets.

What is the share price of Bharat NRE Coke Limited?

The unlisted share price is approximately ₹1 per share, which represents a highly distressed penny stock level, likely reflecting financial difficulties or minimal operational activity.

Is investing in Bharat NRE Coke Limited at ₹1 a good opportunity?

A share price of ₹1 represents an extremely high-risk investment. Such penny stock prices typically indicate financial distress, dormancy, or minimal business activity. Investors must conduct thorough due diligence through MCA and SEBI filings.

What is metallurgical coke used for?

Metallurgical coke (met coke) is produced by heating coking coal to high temperatures in the absence of oxygen. It serves as both a fuel and a reducing agent in blast furnaces, converting iron ore into pig iron for subsequent steel production.

Where is Bharat NRE Coke Limited headquartered?

The company is headquartered in Kolkata, West Bengal, India.

How do I buy Bharat NRE Coke unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Bharat NRE Coke?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Bharat NRE Coke shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Bharat NRE Coke Unlisted Share Price | Buy Bharat NRE Coke Pre-IPO Shares — wisefolio

Investment Thesis

Bharat NRE Coke Limited is a Kolkata-based metallurgical coke manufacturer incorporated in 2003 with a share price of ₹1 — a penny stock level indicating serious concerns about financial health and operational status. The company operates in the met coke sector, which serves as a key input for India's steel industry but faces long-term structural headwinds from the global shift to green steel. Investors should treat this as a very high-risk proposition and verify current status through MCA filings before any investment consideration.

Pros

Revenue ₹356 Cr (FY18) — meaningful scale for a West Bengal coke manufacturer; part of Jagatramka family's NRE coke group.
Authorized capital ₹1,086 Cr; paid-up ₹211.7 Cr — substantial capital base indicative of large industrial operations.
Coke (coal carbonization product) is critical input for steel blast furnaces — strategic industrial product with structural demand.
Located at 22 Camac Street, Kolkata — proximity to Bengal coal belt and steel industry raw material cluster.

Cons

Revenue data only available up to FY2018 — current operational status post-2018 unclear.
Jagatramka family also controls Gujarat NRE Coke (listed) which underwent insolvency proceedings — group-level financial stress.
Unlisted (U-prefix) — no secondary market; ISIN not publicly confirmed for Bharat NRE specifically.
Coke manufacturing is environmentally sensitive; increasing emission regulations and shift to green steel pose long-term headwinds.

Business Segments

Metallurgical Coke Manufacturing

Manufacture of coke oven products: metallurgical coke, coal tar, and related by-products for steel and industrial use.

Revenue Model

Bharat NRE Coke Limited generates revenue through the manufacture and sale of metallurgical coke to integrated steel plants, mini blast furnaces, and iron foundries. Revenue is driven by coke production volumes and prevailing coke market prices, which are closely linked to global coking coal input costs and domestic steel industry demand. The business model is highly cyclical and commodity-price dependent.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds10

Growth Plans

India's steel production growth supporting metallurgical coke demand in the near-to-medium term

Potential restructuring, asset sale, or revival under new management

Short-term met coke price spikes driven by global supply disruptions (e.g., Australian coking coal export restrictions)

Industry Tailwinds

India's steel production growth supporting metallurgical coke demand in the near-to-medium term

Recent Developments

Penny stock status

Bharat NRE Coke Limited shares are tracked at ₹1, a penny stock level, raising serious concerns about the company's operational and financial status. Investors should verify current filings with MCA to ascertain if the company is operational or under insolvency/restructuring.

India metallurgical coke market conditions

India's metallurgical coke market has been volatile, with domestic coking coal availability being limited and reliance on imports from Australia and other sources. Large integrated steel players have captive coke oven facilities, reducing dependence on independent coke producers.

2023

India steel sector expansion

The Government of India's National Steel Policy targets 300 MTPA steel production capacity by 2030. While this provides long-term met coke demand, large steel companies are increasingly investing in captive coking facilities.

Comparable Companies

CompanyTypeTickerMkt Cap

Tata Steel LimitedListedTATASTEEL~1,65,000 Cr

JSW Steel LimitedListedJSWSTEEL~2,00,000 Cr

Gujarat NRE Coke LimitedListedGUJATNRE (Delisted/Stressed)—

Coal India LimitedListedCOALINDIA~2,75,000 Cr

Frequently Asked Questions

About Bharat NRE Coke

Bharat NRE Coke Limited is a Kolkata-based metallurgical coke manufacturer incorporated on 8 December 2003. The company is registered at 22 Camac Street, Block C, 5th Floor, Kolkata, West Bengal 700016 — a prime commercial address in central Kolkata associated with the Jagatramka business group. Bharat NRE Coke is currently under liquidation proceedings under the Insolvency and Bankruptcy Code (IBC). The company was established to manufacture metallurgical coke and other coke oven products — a critical raw material in the iron and steel production process. Metallurgical coke (met-coke) is produced by heating coking coal in ovens without air, producing a solid carbonaceous material used as a reducing agent and fuel in blast furnaces. India's steel sector requires substantial met-coke inputs, making domestic coke manufacturing strategically important. Bharat NRE Coke was promoted by the Jagatramka family (associated with Gujarat NRE Coke), and had an authorised share capital of ₹1,086 crore and a paid-up capital of approximately ₹211.69 crore — a large capitalisation indicating the scale of industrial investment. At peak operations, the company generated revenue of approximately ₹356 crore in FY2018, reflecting a significant coke manufacturing business. However, like many steel-sector companies, Bharat NRE Coke faced severe financial stress from combination of overcapacity, falling coke prices, high leverage, and operational challenges. The company was admitted under IBC insolvency proceedings and has now progressed to the liquidation stage — meaning no viable resolution applicant came forward to revive the business. The IBBI (Insolvency and Bankruptcy Board of India) has listed the company as having an active liquidation process with claims processing. Assets of Bharat NRE Coke are being sold under the liquidation process to repay creditors, with secured financial creditors like Suraksha Asset Reconstruction Limited (which acquired ₹85 crore in claims from IFCI Factors) in the priority queue.

Key Milestones

Common questions about unlisted shares

How do I buy Bharat NRE Coke unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Bharat NRE Coke Limited

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