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Pondy Oxides and Chemicals plans to set up aluminum recycling plant in Tamil Nadu

14 Oct 2022 Evaluate

Pondy Oxides and Chemicals has intended to set up an Aluminum Recycling / Melting Facility at its existing premises located in Sriperumbudur, Tamil Nadu as part of the Expansion Strategy for 2022 at an estimated total investment on plant and machinery and pollution equipment's of Rs 5.00 crore.

With a view to enhance portfolio of other non-ferrous metals apart from Lead and Copper, the company has recognized an opportunity to recycle Aluminum. In this regard the Company has obtained Consent for Establishment from Tamil Nadu Pollution Control Board to manufacture Aluminum and Aluminum Alloys (Ingots/pellets/molten) - 14,750 MT/annum.

Pondy Oxides & Chemicals (POCL) is a leading Secondary Lead Smelter in India.

Peers
Company Name CMP
Hindalco Industries 893.00
Vedanta 237.50
Hindustan Zinc 505.50
Jain Resource Recycl 270.00
CMR Green Tech 198.25
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