India, July 9 -- The Indian EV revolution is expected to drive up aluminium usage substantially because automakers will be trying to keep weight down to save on efficiency and extend the battery range. Scrap aluminium is becoming the choice material because of its lower environmental impact and price competitiveness, making a sustainable market for scrap aluminium recyclers.

CMR Green Technologies, which makes the largest amount of recycled aluminium in India, sees this structural change, combined with growing automotive manufacturing and recycling regulations as a tailwind to their future business prospects. With a market cap of Rs 5,080 crore, the shares of CMR Green Technologies Ltd are trading at Rs 232 and are trading at a PE of 24...