Nupur Recycling Ltd, New Delhi, has announced to start its operation in Tycod Autotech Pvt. Ltd in Haryana next month. The company's emphasis on metal scrap processing and the manufacture of aluminium extrusion products has acquired the plant for INR 240 million (USD 2.7 million).
The expansion would help the company to meet the increasing demand for extrusion products due to its strategic location. Located near Delhi-NCR and Maruti Suzuki's Kharkhoda facility, this new plant would benefit from the road connectivity in the area, along with a huge supply of skilled labour and an effective logistics network.
This deal, with an investment of INR 200 million to 250 million (USD 2.26 million-2.82 million) , is expected to produce 5,000 to 6,000 tonnes of extrusion products per year. This deal would help the company expand its product base for future market growth.
This project in Sampla, Haryana, is expected to generate employment opportunities in the region. Moreover, the organisation is also planning to launch skill development programmes to train the youth to handle the manufacturing roles of the plant.
Also Read: Nupur Recycling expands from scrap to high-value alloys with Tycod acquisition
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