POCL Enterprises Ltd is planning to relocate a plant from Maraimalai Nagar, near Chennai, to Puducherry. The vacated space will be repurposed to expand capacities for lead smelting and refining, with each capable of handling 11,000 tons annually. The Chennai-based company, previously known as Pondy Oxides Chemicals Ltd, aims to expand capacity to meet increasing demand, handle larger contracts, and generate an additional revenue of ₹200 crore annually.
As reported by newsonprojects.com, specializing in recycling non-ferrous metals like lead and zinc, the company reported a turnover of ₹874.36 crore and a net profit of ₹12.89 crore in the fiscal year 2023-24. In the quarter ending September, it recorded a turnover of ₹339.13 crore and a net profit of ₹3.31 crore.
