Pondy Oxides and Chemicals commissions new aluminium recycling facility

Pondy Oxides and Chemicals Limited has completed the installation of plant and machineries for Aluminium Recycling / Melting facility at its existing premises located in Sriperumbudur, Tamil Nadu and obtained the necessary regulatory approvals and thereby commenced its commercial production on December 14, 2022.

Accordingly, the production at the recycling facility will be gradually scaled up over the months to reach optimum levels. This will help the Company to meet the ever-growing demand of Aluminium.

"Circular economy and the importance of environmental responsibility are constantly emphasized by the Company and will continue to introduce more friendly projects and further contribute to circular economy', Pondy Oxides said in a regulatory filing.

At around 9:17 AM, Pondy Oxides & Chemicals Ltd is currently trading at Rs371.90 per share down by Rs0.3 or 0.08% from its previous closing of Rs372.20 per share on the BSE.