M&A
Nupur Recycler invests Rs.13-Cr more in subsidiary Frank Metals
Nupur Recycler Ltd (NRL) has invested over INR 13 crore in its Delhi-based subsidiary, Frank Metals . This follows an initial investment of INR 27.97 crore in March 2024, which secured NRL a 80% stake in Frank Metals.The fresh funds will be used to boost Frank Metals’ production capacity from 1,500-2,000 tons per year to 5,000-6,000 tons annually. NRL also plans to expand its product offerings to include various zinc and aluminium alloys, aiming to strengthen its position in the metal recycling sector.Frank Metals, specialising in non-ferrous metal scrap processing, began commercial production in July 2023.
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