| Manufacturing | Ship dismantling and recycling of vessels at Alang-Sosiya yard; industrial asset dismantling and demolition services. | Strategic location in Alang-Sosiya, certifications, and long-standing government ties with plot ownership. | B2B - ship owners, metal traders, industrial firms needing demolition. | Certified environmentally compliant shipbreaking delivers premium due to regulatory adherence. | 170 | 59 | Revenue from sale of scrap metals and recycling services. | Project-based contracts and metal sale pricing tied to market rates. | Sustained demand for recycled steel; environmental regulations enforcing ship recycling. | |
| Trading | Trading of recyclable metals and offshore support services including tug and speed boat charters. | Integrated operations with recycling segment supporting metal availability; exclusive charter agreements. | B2B clients in metals market and offshore operations. | Offshore support service fees and high-demand metal grades generate better margins. | 118 | 41 | Trading margins, charter service fees, recurring contracts from offshore clients. | Market-driven pricing for metal trading; recurring fee for offshore service charters. | Industrial demand for scrap metal; offshore sector growth supporting charter services. | |
