Is Greenearth Resources and Projects Limited still operational?

Based on the near-zero share price (₹0.1) and absence of any confirmed website or management information, the company's operational status appears to be highly uncertain. It may be dormant, inactive, or operating at a minimal administrative level. Verification through MCA filings is essential.

When was the company incorporated?

Greenearth Resources and Projects Limited was incorporated in 1994 in Kolkata, West Bengal under CIN L67120WB1994PLC063008.

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 Greenearth Resources and Projects Limited?

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 Greenearth Resources and Projects Limited 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.

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Greenearth Resources and Projects Limited Unlisted Share Price | Buy Greenearth Resources and Projects Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Greenearth Resources and Projects Limited (formerly Austral Coke & Projects) is effectively dormant with revenue of only ₹96,300 in FY24. Listed on BSE (533016) and NSE (AUSTRAL). Near-zero commercial activity; equity value negligible.

Pros

Listed on both BSE (533016) and NSE (AUSTRAL) — dual exchange listing; 30+ years since 1994.
Low ash metallurgical coke and refractory manufacturing — critical inputs for steel, foundry, blast furnace, zinc smelter, and ferro alloy industries.
Posta, Kolkata — established industrial trading hub; proximity to eastern India steel and metals ecosystem.

Cons

Revenue only ₹96,300 (FY24) — effectively dormant; negligible commercial activity for a listed company.
Formerly Austral Coke & Projects Limited — name change suggests business restructuring or distress.
Metallurgical coke production in India faces competition from large integrated steel companies and imported coke.
Near-zero revenue for a listed company signals operational collapse; equity value is likely minimal.

Business Segments

Metallurgical Coke Manufacturing

Manufacturing and sale of low ash metallurgical coke for steel, foundry, blast furnace, zinc smelter, cement, and ferro alloy industries.

Refractory Products

Manufacturing of refractory products for high-temperature industrial applications.

Revenue Model

If operational, Greenearth Resources and Projects Limited would generate revenue through the trading and supply of metallurgical coke and refractory materials to industrial customers in Eastern India. Revenue would be derived from trading margins on met coke procurement and sale (driven by coal and coke commodity price spreads) and from supply of refractory products to steel plant maintenance and commissioning projects. Given the near-zero share price, current revenue generation is highly uncertain and the company may be inactive.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds12

Growth Plans

Potential business revival or new management injection

India's steel sector expansion creating sustained met coke demand

Eastern India's proximity to raw material supply chains providing natural cost advantages

Restructuring or acquisition by an active metals sector player

Industry Tailwinds

Recent Developments

India met coke market growth

India's steel production capacity expansion — targeting 300 million tonnes per annum by 2030 — has driven growth in metallurgical coke demand. However, major steel producers have increasingly secured captive coke supply or direct international import arrangements, reducing the role of small independent met coke traders.

2023–2024

Refractory sector consolidation

India's refractory market is consolidating around larger players like Orient Refractories, Vesuvius India, and HarbisonWalker International. Small regional refractory traders face significant margin and market share pressure from these organised players.

2023–2024

Comparable Companies

CompanyTypeTickerMkt Cap

Gujarat Fluorochemicals Limited (Refractory Division)ListedFLUOROCHEMMid-cap

Orient Refractories LimitedListedORIENTREFSmall-cap

Rain Industries LimitedListedRAINSmall-cap

Vesuvius India LimitedListedVESUVIUSSmall-cap

Frequently Asked Questions

Greenearth Resources and Projects Limited is a Kolkata-based company incorporated in 1994, classified in the Mining & Metals sector with a focus on metallurgical coke and refractory materials. Its CIN activity code (67120) suggests it may have originally been incorporated as a financial services or investment company and subsequently pivoted to resources and projects. The company's current operational status is unclear given its near-zero share price.

A share price of ₹0.1 in India's unlisted market almost invariably indicates a company that is effectively dormant, financially distressed, or has been classified as a shell/inactive entity. At this price, the market places virtually no value on the equity beyond its nominal legal existence. Investors should treat this as a near-total write-off risk unless confirmed otherwise through MCA filings.

Metallurgical coke (met coke) is a carbon-rich solid fuel produced from coal, used as a reducing agent and energy source in blast furnaces for steel production. Refractory materials are heat-resistant materials (typically ceramics, bricks, or castable compounds) used to line high-temperature furnaces, kilns, and reactors in steel, cement, glass, and chemical industries. Both are essential inputs for heavy industry.

Activity code '67120' in India's CIN classification refers to activities auxiliary to financial intermediation — typically investment holding, fund management, or financial advisory activities. The mismatch between this code and the company's stated mining/metals sector classification suggests the company may have been originally incorporated as an investment entity and subsequently repurposed or re-described as a resources company.

About Greenearth Resources and Projects Limited

Greenearth Resources and Projects Limited is a Kolkata-based mining and minerals company incorporated on 22 April 1994 with CIN L67120WB1994PLC063008. The company manufactures low ash metallurgical (LAM) coke and refractory materials from its operations in Lunva Village, Bhachau, Kutch, Gujarat. Its products serve the steel, foundry, zinc smelting, cement, and ferro alloy industries. The company has been facing significant financial challenges with revenue of Rs 96,300 (less than Rs 1 lakh) in FY2023-24, a dramatic decline from Rs 6-7 crore in FY2019-20, representing a 5-year sales growth of -63%. The market cap was Rs 6.97 crore against a net loss of Rs 2.80 crore, indicating severe financial distress. Metallurgical coke production is a challenging business facing competition from large-scale producers and imported coke. Greenearth's small scale and geographic isolation of its Gujarat operations relative to its Kolkata headquarters have likely contributed to its operational difficulties. The company represents a deeply distressed unlisted entity with near-complete operational collapse.

Key Milestones

Incorporated April 22, 1994 in Kolkata, West Bengal (CIN: L67120WB1994PLC063008)

Formerly Austral Coke & Projects Limited — renamed to Greenearth Resources and Projects Limited

Common questions about unlisted shares

How do I buy Greenearth Resources and Projects Limited 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?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Operational RiskLow

A share price of ₹0.1 is an extreme indicator of near-zero market value. This most commonly reflects dormant operations, severe financial distress, or the company being effectively a shell. Investors face near-total capital risk.

Source: Company Financial Filings

Fraud / GovernanceLow

The CIN activity code (67120 — financial intermediation) does not match the stated metallurgical coke and refractory materials business description. This mismatch raises questions about the company's actual current business activities and corporate history.

Source: Media Reports / Public Records

Fraud / GovernanceLow

With no confirmed website, promoter identity, or management details, independent due diligence on this company is essentially impossible. All assessments are based on limited public MCA records.

Source: Media Reports / Public Records

Fraud / GovernanceLow

Metallurgical coke prices are highly volatile and tied to global coking coal prices. Australian coking coal and imported met coke price cycles have historically caused significant margin volatility for small Indian met coke traders.

Source: Company Financial Filings

Fraud / GovernanceLow

Major steel producers in Eastern India (Tata Steel, SAIL) have integrated coke ovens and direct import relationships, reducing dependence on independent traders. Similarly, large refractory manufacturers sell directly to steel plant maintenance teams.

Source: Media Reports / Public Records

Viability Risk

Mismatch Risk

Information Risk

With no confirmed website, promoter identity, or management details, independent due diligence on this company is essentially impossible. All assessments are based on limited public MCA records.

Commodity Price Risk

Competition and Disintermediation Risk

Greenearth Resources and Projects Limited

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