NewsStock Market News

Cosmos Green To Work With Jindal Stainless to Recycle Metal Scrap

Sharing is caring!

In a move that would ensure jobs, earn revenue and curb pollution as well, United Arab Emirates-based scrap processor Cosmos Green recently signed a pact with Delhi-based Jindal Stainless Ltd to recycle metal scrap worth billions in India over the coming years.

The MOU will result in the creation of a lot of job, around 2,000 to 2,500 new jobs in India in the metal manufacturing and recycling industry, said Rajat Kapur of Cosmos Green. “Unless stakeholders in society take proactive steps today to care for the environment, there could be a catastrophe in the decades ahead.”

To efficiently recycle metal scrap, sorting and processing facilities will be established in strategic locations in the NCR as well as in Hisar, Palwal, Maharashtra, Gujarat, and Orissa. Metal scrap collected will be sent for processing and melting in electric arc and induction furnaces in Hisar, Jajpur, Gujarat, Maharashtra, Haryana and Orissa.

Over the next few years, Cosmos Green expects to process and recycle 1,000,000 metric tonnes of various grades of metal scrap.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button