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Pondy Oxides & Chemicals enters into MoU with Tamil Nadu Guidance

09 Jan 2024 Evaluate

Pondy Oxides & Chemicals has entered into a Memorandum of Understanding (MoU) with Tamil Nadu (TN) Guidance, the nodal agency of Government of Tamil Nadu (GoTN) for Investment Promotion and facilitation, to set up State of the Art Recycling and Manufacturing Plants for Non-Ferrous Metals, Lithium-Ion Batteries, Paper, Plastics and Rubber contributing to Sustainability and Circular economy to the state of Tamil Nadu. The company proposes to invest Rs 300 crore to Rs 500 crore in the Proposed Projects in the next 5 years in the State of Tamil Nadu and further proposes to employ 1200 people (Direct and Indirect Employment). 

Pondy Oxides & Chemicals (POCL) the leading Secondary Lead Smelter in India. POCL produces the highest quality lead and lead alloys and PVC additives which are supplied to its customers who are mainly battery manufacturers, chemical manufacturers and PVC extruded and moulded products.


Peers
Company Name CMP
Hindalco Industries 977.80
Vedanta 259.55
Hindustan Zinc 591.85
Jain Resource Recycl 272.55
CMR Green Tech 229.70
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