Runaya, India’s first and the world’s second zero-waste, zero-discharge aluminium processing facility, has estimated to have an eightfold growth in the next two years, attributed to portfolio expansion from aluminium to copper and zinc.

As per the report, the Mumbai-based startup, with a key focus on sustainability and innovation, has planned to boost metals waste processing capacity from the current 40,000 tonnes to 300,000 tonnes by March 31, 2025, said co-founder and Chief Executive Officer Annanya Agarwal in an interview with Bloomberg Television. He added revenue might double this year to $100 million.

“We started Runaya with the vision that sustainability will be the largest driver of profitability for the resources sector in the years to come,” Agarwal said. “We want to enable the resources sector to meet their carbon neutrality and ESG goals.”

Runaya was founded 2017 by Agarwal brothers, sons of Navin Agarwal, the executive vice chairman of commodities conglomerate Vedanta Resources Limited.

Annanya Agarwal, one of the co-founders, said, “We are looking for strategic partnerships with companies that align with our values and which offer financing according to ESG criteria. In India and everywhere in the world today there is so much ESG funding available but unfortunately there aren’t so many avenues for these funds to deploy because there aren’t many startups that are meeting the criteria.”