Pondy Oxides Incorporates New Llp For Scrap Metal Business

13-Mar-25   13:01 Hrs IST
The incorporation was completed on 12 March 2025. The newly formed LLP will engage in the business of dismantling and shredding ferrous and non-ferrous metals, as well as other non-metallic scrap materials.

The initial contribution to POCL Recycle City LLP is Rs 2,00,000 on a cash consideration basis, with POCL holding a 60% controlling stake in the LLP.

Pondy Oxides & Chemicals is India's leading recycling and manufacturing company and a pioneer in lead and lead alloys.

The company's consolidated net profit jumped 30.6% to Rs 13.23 crore in Q3 FY25 as compared with Rs 10.13 crore in Q3 FY24. Revenue from operations increased 11.3% YoY to Rs 509.15 crore during the quarter.

The counter slipped 2.50% to currently trade at Rs 504.55 on the BSE.

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