Sunlite Recycling Industries Ltd. IPO

We are engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, ... transmission, distribution and electronic industries. Further, we are also engaged in providing job work services for processing of various products of copper. We employ an internal quality control mechanism to ensure that our finished product conforms to the exact requirement of our customers. Read more

While global copper consumption growth would remain tepid at 2% in CY2023, ICRA projects domestic copper demand growth at a healthy ~11% in FY2024 and FY2025. Domestic refined copper demand growth is expected to remain healthy at 11% in FY 2024 and FY 2025 outpacing the rate of global growth in ... copper demand, given the Government of India’s (GoI’s) thrust on infrastructure development and a gradual transition to renewable energy. In the domestic market, around 40% of the copper is consumed by infrastructure and construction sector and 11-13% each in the automobile and consumer durable sectors. Significant emphasis by GoI towards affordable housing schemes, smart city projects, the Defence sector as well as the expected higher penetration of EVs and its associated infrastructure bode well for the domestic copper demand outlook. Read more