Nupur Recycler Ltd (NRL) has invested more than Rs 13 crore in its subsidiary, Frank Metals. NRL bought Rs 27.97 crore for 44,40,000 shares in March 2024, acquiring an 80 per cent ownership in Frank Metals. NRL spent an additional Rs 13 crore, considering growth and future expansion, so as to fulfil the Frank Metals Capex & Opex financing demand.
Frank Metals will use this new funding in addition to meeting its working capital needs to increase its production capacity from the current level of 1500–2000 tons annually to 5000–6000 tons annually. This expansion will not only improve operations but also make it possible to successfully satisfy the needs of the expanding market.
Furthermore, to meet diversifying clientele base and industries, NRL is set to expand the range of products in Zamak-3, Zamak-5, Zamak-8, Secondary Alloy Ingots of Zinc, Aluminum Alloy Ingots, ADC-12, and Brass Ingots.
According to Rajesh Gupta, Managing Director of Nupur Recyclers with Frank Metals’ remarkable track record the firm is set to lead the way in sustainable practices and give unrivalled value to customers and stakeholders.
