Nupur Recycler Invests 13 Crore in Frank Metals Expansion

Nupur Recycler Ltd., a leading recycling and waste management company,  has made a second round of investment of over 13 crores in its subsidiary, Frank Metals. For the first time in March 2024, NRL invested INR 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 invested over INR 13 crore to meet the Frank Metals Capex & Opex funds requirement.

In additions to meet its working capital requirement, Frank Metals will utilised these fresh infusion of funds to enhance its production capacity from the present level from 1500-2000 ton per year to 5000-6000 ton 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 approx. 1400 tons and revenue of approx. 42 crore in its inaugural year showcasing its rapid growth and success in a competitive market landscape.