Pondy Oxides & Chemicals Limited to Build Copper Recycling Plant
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- Pondy Oxides & Chemicals Limited (POCL) – NSE: POCL | BSE: 532626 announced board approval for a new copper recycling plant in Thervoykandigai, Tamil Nadu, with an installed capacity of 36,000 MTPA of LME Grade A copper cathode, to be built in two phases of 18,000 MTPA each.
- The project will cost roughly ₹ 200 crores and will be financed entirely from internal accruals, with no external debt or equity raised.
- It will employ integrated pyro‑refining and electro‑refining technology, serve both the domestic market and exporters, and is slated for commissioning on or before December 2026.
- Strategically, the plant diversifies POCL’s non‑ferrous recycling portfolio, adds vertical metallurgical value, reduces India’s copper import reliance, and aims to position the company as a competitive global supplier of recycled copper.
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