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Sprayking Limited Achieves Zero Non-Compliance with Copper Alloy Recycling

18 July 20243 mins read by Angel One
Sprayking Ltd transforms recycled copper alloy scrap into high-quality components at its new Jamnagar facility, maintaining top environmental standards and fostering sustainability.
Sprayking Limited Achieves Zero Non-Compliance with Copper Alloy Recycling
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On July 11, 2024, Sprayking Limited, previously known as Sprayking Agro Equipment Limited, announced through a stock exchange filing its successful utilisation of recycled waste copper alloy scrap to manufacture high-quality copper alloy components at its newly established factory located at Jamnagar, Gujarat.

In the past three months, Sprayking Limited has maintained a clean compliance record with no non-compliance notices from the Pollution Control Board, underscoring its dedication to environmental sustainability and regulatory adherence. Equipped with state-of-the-art technology, the new facility ensures efficient recycling processes while upholding stringent environmental standards.

This milestone represents a significant advancement for Sprayking Limited in its commitment to offering eco-friendly and premium copper alloy components. By leveraging recycled waste copper alloy scrap, the company not only minimises environmental impact but also promotes a circular economy, optimising resource utilisation.

Sprayking Limited remains steadfast in its focus on innovation, sustainability, and regulatory compliance, continually raising industry standards. The company remains committed to upholding exceptional environmental practices and anticipates further enhancements in its manufacturing capabilities.

Another development at the company is that Sprayking Limited stated that they purchased a new manufacturing unit in Jamnagar. Like the company’s current manufacturing facility, the unit will produce brass and forging components and parts. This 3,000-square-meter modern manufacturing plant is spread out. The installation of this production plant will strengthen the company’s market position.

Speaking of this development, the Managing Director of Sprayking, Mr Hitesh Dudhagara, said, “We are extremely proud of this achievement. It underscores our commitment to sustainable practices and dedication to environmental responsibility. The successful recycling of copper alloy scrap into valuable components not only reduces our environmental footprint but also enhances our operational efficiency.”

He further added, “Our team at the new Phase 3 facility has worked diligently to ensure that our processes meet the highest standards of quality and compliance. This milestone is a testament to their hard work and our company’s ongoing commitment to innovation and sustainability compliance.”

He emphasised sustainability and compliance as essential components of its business strategy. The company’s achievement of zero non-compliance notices from the pollution control board in the last three months underscores its steadfast commitment to environmental regulations and operational excellence.

The Managing Director also added that the successful implementation of recycling processes at its new factory marks a significant advancement in Sprayking’s journey towards sustainability and a greener future. The company remains dedicated to investing in initiatives that foster sustainable development and environmental stewardship.

On July 11, 2024, the share price of Sprayking Ltd opened at ₹38.83, touching the day’s high at ₹39.40, as of 12:24 PM on the BSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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