Pondy Oxides And Chemicals Limited announced that its intends to set up an Aluminum Recycling /Melting Facility at its existing premises located in Sriperumbudur, Tamil Nadu as part of the Expansion Strategy for 2022 at an estimated total investment on plant and machinery and pollution equipment's of INR 50 million. With a view to enhance the company's portfolio of other non-ferrous metals apart from Lead and Copper, the company has recognized an opportunity to recycle Aluminum. In this regard the Company has obtained Consent for Establishment from Tamil Nadu Pollution Control Board to manufacture Aluminum and Aluminum Alloys (Ingots/pellets/molten) - 14,750 MT/annum.

Consequently, the company is in the process for implementing all the relevant machinery, and targeted to have it installed and commissioned for production around December 2022. This would also help the Company to meet the demand(s) and consolidate its position in the market. In this regard the company will duly inform the Stock Exchange once the same is installed and commissioned for trial/commercial production.

The company continuously endeavors to emphasize on the importance of recycling and to support and focus on environmental sustainability.