"Pondy Oxides to Commission Phase 1 of Lead Smelter Unit Near Chennai".

Pondy Oxides and Chemicals Ltd., a key player in the recycling industry, is nearing completion of the first phase of its new Lead Smelter Plant in Thervoykandigai near Chennai. This facility, the first fully automated lead smelter in India, will add 36,000 tonnes per annum (MTPA) of lead production capacity, with trial production set to begin in early March 2025.

The plant’s total capacity is projected to reach 72,000 MTPA upon full completion. With Phase 1 nearing launch, Pondy Oxides’ overall lead production capacity will increase from 132,000 MTPA to 204,000 MTPA. The company has invested ₹70 crore in capital expenditure during the first nine months of FY25 and raised ₹175 crore through a Qualified Institutional Placement (QIP) to fund working capital and future expansions.

Financial Growth and Performance

For the nine months ending December 31, 2024, the company reported a net revenue of ₹1,511.6 crore, marking a 29% increase from ₹1,168.1 crore during the same period in the previous year. Profit after tax (PAT) also saw significant growth, rising to ₹47.1 crore from ₹27.2 crore.

“Revenue, EBITDA, and PAT all showed significant growth on a year-over-year basis. This growth was primarily driven by a substantial rise in the production and sales of lead, plastics, and copper,” said Ashish Bansal, Managing Director of Pondy Oxides.

Strategic Expansion

The company’s investment in advanced automated technology positions it as a leader in India’s recycling and lead production industry. The new facility is expected to meet rising demand while improving operational efficiency and sustainability.

With the first phase set to go live by March 2025, Pondy Oxides is on track to strengthen its market position and drive continued growth in the recycling sector.

HBL