Nupur Recyclers Expands into Aluminium Extrusion with $2.16 Million Investment
Nupur Recyclers Limited (NRL) announced today its expansion into aluminum extrusion manufacturing through a $2.16 million (₹180 million) investment in its subsidiary, Nupur Extrusion Private Limited. The move aims to capitalize on the growing demand for recycled materials in the solar energy and construction sectors.
Shares of Nupur Recyclers Limited (NRL) were trading at $1.64 (₹137.63), down by $0.01 (₹1.09) or 0.79 percent, on the NSE today at 1:05 pm.
Nupur Extrusion, 60 percent owned by NRL, has acquired approximately two acres of land in Sampla, Bahadurgarh, Haryana, for a new production facility. The company has ordered two extrusion press machines from international suppliers, targeting a production capacity of 5,000 to 6,000 tons by fiscal year 2025-26.
Established in May 2023, Nupur Extrusion will focus on manufacturing aluminum extrusions using recycled aluminum scrap. This expansion allows NRL to enter the aluminum extrusion market, which is crucial for solar panel components and construction applications like shuttering and scaffolding.
Rajesh Gupta, Managing Director of NRL, stated that the investment would strengthen the company's market position and support sustainable industrial growth. NRL, known for importing and processing non-ferrous metal scraps, operates in the Middle East, Central Europe, and the USA.
