Nupur invests in nonferrous alloys subsidiary

New Delhi-based nonferrous metals company Nupur Recyclers Ltd. says it has made a second round of investment in its subsidiary, Frank Metals, located in Bhurja, India, near Faridabad in the state of Haryana.

The company says this March it made a substantial investment to acquire an 80 percent stake in Frank Metals and now has “further invested [to] meet the Frank Metals capital expenditure and operating expenditure funds requirement.”

Nupur says its funding will help Frank Metals “enhance its production capacity from the present level of from 1,500 to 2,000 tons per year to from 5,000-6,000 tons per year” in aluminum alloys production.

The company says the expansion will help it expand its offerings in secondary aluminum, brass and zinc alloy ingots, “catering to a wider range of customers and industries.”

By diversifying its product portfolio, says Nupur, it “aims to strengthen its position as a key player in the metal recycling sector.”

Comments Rajesh Gupta, managing director of Nupur Recyclers, "We are delighted to announce our increased investment in Frank Metals, a company that epitomizes innovation, quality and unwavering commitment to customer satisfaction.”

Gupta continues, “This strategic move not only solidifies our partnership but also aligns with our shared vision of setting new benchmarks in the industry. With Frank Metals’ exceptional track record and our continued support, we are poised to lead the way in sustainable practices and deliver unparalleled value to our customers and stakeholders.”

Nupur describes Frank Metals as specializing in casting nonferrous metal scrap grades including shredded zinc scrap, zinc die-cast scrap, zurik and zorba.

As well as being involved in the same activities, Nupur Recyclers says it is an importer and processor of nonferrous metal scrap from suppliers based in overseas markets, including the United Arab Emirates, Central Europe and the United States.