3 Stocks to Watch as Centre Approves Critical Mineral Recycling Scheme

#2 Nupur Recyclers

Next on the list is Nupur Recyclers.

Nupur Recyclers is a leading importer, trader, and processor of ferrous & non-ferrous metal scraps, including shredded zinc, zinc die-cast scraps, zurik scrap, and aluminium scrap grades.

Financial Highlights of Nupur Recyclers

On the financial front, the company reported revenues of Rs 589 m for Q3 FY26 vs Rs 343 m YoY. The net profits of Nupur were placed at Rs 48 m vs Rs 35 m YoY.

Moving ahead, Nupur Recyclers is making significant strides in its growth journey, having recently acquired 4.5 acres of land in Sampla, Haryana, to establish of a new manufacturing facility.

This apart, Nupur Extrusion Private Limited, a subsidiary of Nupur Recyclers, is set to commence its new manufacturing facility in Haryana.

It will supply material to businesses in solar plant manufacturing and OEM operations, supporting their production requirements and strengthening its presence in these high-growth sectors.

#3 Gravita India

Gravita India is a global recycling company focused on building sustainable and efficient material recovery ecosystems.

Gravita India's core business spans lead battery recycling, aluminium alloy manufacturing, plastic recycling, and waste tyre recycling. Its product portfolio includes specialised lead alloys, red lead, lead oxide, aluminium alloys, plastic granules, recovered carbon black, and Tyre Pyrolysis Oil (TPO).

Financial Highlights of Gravita India

In early February 2026, Gravita India entered into a binding term sheet for the acquisition of up to 100% of the stake in the equity share capital of Rashtriya Metal Industries for a consideration up to Rs 5,650 m.

This company is one of India's oldest and most reputed manufacturers of copper & copper alloy products (strips and coils) with exports to UAE, US, Thailand, Sri Lanka, Oman, Saudi Arabia, Kenya, and Indonesia.

Further, pursuant to the above acquisition of shares, Rashtriya Metal Industries Limited will become a subsidiary of the company.

Gravita India has good growth prospects driven by its shift from a lead-focused business to a diversified multi-metal recycling platform. Expansion into aluminium, copper, plastic, and lithium-ion recycling, along with capacity additions, supports good growth.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

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