“With Frank Metals’ exceptional track record and our continued support, we are poised to lead the way in sustainable practices and deliver unparalleled value to our customers and stakeholders.” Rajesh Gupta, Managing Director, Nupur Recyclers
Nupur Recyclers Ltd. (NSE: NRL), a leading recycling and waste management company, has made a second round of investment of over ₹13 crore in its subsidiary, Frank Metals. For the first time in March 2024, NRL invested ₹27.97 Crore for 44,40,000 No of Shares and acquired an 80% stake in Frank Metals. Looking at the growth and future expansion, NRL further has invested over ₹13 crore to meet the Frank Metals Capex & Opex funds requirement.
In addition to meet its working capital requirement, Frank Metals will utilize this fresh infusion of funds to enhance its production capacity from the present level from 1500-2000 tonnes per year to 5000-6000 tonnes per year. This expansion will not only boost operations but also enable to meet growing market demands effectively.
Moreover, NRL is set to expand its offerings in Zamak-3, Zamak-5, Zamak-8, Zinc Secondary Alloy Ingots and aluminium alloy ingots ADC-12 & Brass Ingots., catering to a wider range of customers and industries. By diversifying its product portfolio, NRL aims to strengthen its position as a key player in the metal recycling sector.
“We are delighted to announce our increased investment in Frank Metals, a company that epitomizes innovation, quality, and unwavering commitment to customer satisfaction,” said Rajesh Gupta, Managing Director of Nupur Recyclers.
“This strategic move not only solidifies our partnership but also aligns with our shared vision of setting new benchmarks in the industry. With Frank Metals’ exceptional track record and our continued support, we are poised to lead the way in sustainable practices and deliver unparalleled value to our customers and stakeholders,” he further added
Frank Metals, engaged in the business of trading and manufacturing, specializes in casting non-ferrous metal scraps, including shredded Zinc scraps, Zinc die-cast scraps, Zurik scrap, and Aluminium Zorba grades. Commencing commercial production in July 2023, Frank Metals achieved a remarkable production capacity of approximately 1400 tonnes and revenue of approximately ₹42 crore in its inaugural year showcasing its rapid growth and success in a competitive market landscape.
About Nupur Recyclers: Nupur Recyclers Limited (NRL) is a leading company in the field of non-ferrous metal scraps such as shredded Zinc Scrap, Zinc die cast scrap, Zurik scrap, and Aluminium zorba grades. NRL is also involved in trading, manufacturing and processing these recyclable metals from scrap to make the planet healthy. A leading importer and processor of Non-ferrous metal scrap from long-term suppliers looking at establishing itself as a truly innovative company in the metal segment. It embarks on creating & developing newer markets viz. UAE, Central Europe, USA, etc., and adding them into the mainline of the business networks.
