The revival plan has earmarked three of the company's six plants for sale. According to the BIFR notice, the sale will fetch Rs 3.19 crore while the decline in the value of current assets has been estimated at Rs 2.65 crore.

The package calls for capital expenditure of Rs 2 crore and fund infusion of Rs 3 crore by the promoters, Rs 1.5 crore of which will be in the form of equity and the balance as unsecured loan.

The outstanding to banks and financial institutions is Rs 3 crore, current liabilities Rs 2.29 crore and cash loss Rs 29.53 lakh, the notice stated.

The revival plan calls for concessions from all banks, FIs and state governments including Industrial Credit & Investment Corporation of India Ltd, Industrial Investment Bank of India and the government of West Bengal.