Nupur invests in nonferrous alloys subsidiary

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

In March, the company 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 1,500 to 2,000 tons per year to 5,000 to 6,000 tons per year in aluminum alloy 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, Nupur aims to strengthen its position as a key player in the metal recycling sector.

"We are delighted to announce our increased investment in Frank Metals, a company that epitomizes innovation, quality and unwavering commitment to customer satisfaction," Nupur Recyclers Managing Director Rajesh Gupta says.

“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.”

Frank Metals specializes 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 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.