Golkonda Aluminium Extrusions Limited specializes in manufacturing aluminum extrusions in India, initially under the name Progressive Aluminium Limited.

The company underwent a series of ownership and name changes from Pennar Profiles Limited to its current title, reflecting shifts in strategic direction.

Significant historical financial challenges led to BIFR's intervention and collaboration with OSMG for revival efforts in the late 1990s.

Despite operational expansions in the 1990s, the company eventually closed its manufacturing operations in 2013 due to unfavorable business conditions.

In recent years, the sale of assets and change of ownership reflect ongoing restructuring efforts aimed at stabilizing the company.