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.
