Jain Resource Recycling Ltd Share Price

History of Jain Resource Recycling Ltd

Jain Resource Recycling Limited was originally constituted as a partnership firm in the year 1953 under the name of Jain Metal Rolling Mills which was reconstituted vide partnership deed dated April 1, 1993, and subsequently converted into a private Limited Company on February 25, 2022. Thereafter, the status of the Company got converted into a public limited company reflecting the change in name of the Company as 'Jain Resource Recycling Limited' and a fresh certificate of incorporation dated February 25, 2025, has been issued by the Registrar of Companies, Central Processing Centre. Over seven decades, Jain Metal Group has established itself as a pioneer in the recycling and production of non-ferrous metals in India. The Company commenced its recycling operations under the erstwhile ...partnership firm in 2013 and is primarily engaged in the business of recycling scraps of non-ferrous metals, and non-metallic materials. The Company is amongst the two recycling companies in India to get its lead ingot registered as a brand by the London Metal Exchange to supply the products in global markets. The key raw materials include: (i) lead scrap rains, lead scrap rinks, lead scrap relay and lead scrap radio for lead products; (ii) copper scrap druid, copper scrap berry and copper scrap birch for copper products; (iii) aluminium scrap tread, aluminium scarp talon and aluminium scrap tense for aluminium products. Recycling operations are vertically integrated with end-to-end recycling processes wherein raw materials are procured both domestically and internationally. The Company expanded operations by setting up a copper cable recycling unit in 2018. It ventured into aluminium recycling by forming a subsidiary, Jain Green Technologies Private Limited. It initiated the supply of aluminium alloys to customers in hot molten form in 2023. It later, acquired stake in a foreign subsidiary, Jain Ikon Global Ventures (FZC) in Sharjah, UAE for expansion of operations in gold refining during the year. The Company has commissioned Gold Refining Facility in UAE for commencement of gold refining operations in 2024. At present, Jain Recycling Private Limited has amalgamated with the Company, through the Scheme of Amalgamation from April 1, 2024 and the said Scheme is made effective from January 31. 2025. Company is planning an IPO by raising funds aggregating to Rs 2000 Crore equity shares of Rs 2 each , comprising a fresh issue of Rs 500 Cr and Rs 1500 Cr through offer for sale..