The Board of Pondy Oxides and Chemicals on Tuesday approved setting up a Copper Recycling Plant at Thervoykandigai, Tamil Nadu, as part of its aim to expand its value-added recycling capacities and strengthen its commitment to circular economy principles.
Project to add 36,000 MTPA copper cathode capacity
The recycling plant is set to have a capacity of around 36,000 MTPA LME Grade A Copper Cathode, and will entail an investment of around ₹200 crore. It is planned to be implemented in two phases of 18,000 MTPA each.
Commissioning will be achieved on or before December 2026, Pondy Oxides and Chemicals Ltd said.
It will be funded through internal accruals, the company said, and the output will be meant for both domestic and export markets.
Among other objectives, the Copper Recycling plant is strategically aimed at strengthening POCL’s vertical integration and metallurgical value addition, and at reducing its import dependency on copper from foreign countries.
For POCL, the plant will also help bolster revenue from the commercialisation of recycled copper, generate direct and indirect employment, and reduce the carbon footprint.
Strong FY26 performance driven by value-added products
POCL on Tuesday reported net profit of ₹38 crore in Q4FY26, registering a growth of 111 per cent YoY, while FY26 net profit reached ₹139 crore. Revenue from operations for Q4 increased to ₹932 crore, up 80 per cent YoY. FY26 revenue increased to ₹2,939 crore, up 45 per cent.
POCL attributed the growth to improved operational efficiencies, increased production and sales volumes, and a higher share of value-added products. The sales mix between the lead and copper verticals stood at 77 per cent and 23 per cent, respectively, in FY26.
Published on May 26, 2026