Mumbai, Sept. 29 -- Nupur Recyclers, one of the leading players in the recycling and waste management sector, has announced a significant step in its forward integration strategy with the all-cash acquisition of Tycod Autotech for an enterprise value of INR240 million.

The deal is set to pivot Nupur Recyclers from primarily a scrap processor to a manufacturer of high-value aluminium alloys and precision-engineered automotive components.

The acquisition is central to Nupur Recyclers' ambition to move up the value chain, capturing greater profit margins beyond its core scrap processing and recycling operations. By acquiring Tycod, it instantly gains capabilities in value-added manufacturing for the automotive sector.

Following the deal, ...