Sunlite Recycling bags ₹37 crore from Coto to add 20,000 TPA copper capacity
What's the deal? Sunlite Recycling IndustriesDealroom has a profile for this one. Try Dealroom → has raised ₹37 crore (roughly $3.9 million) from investor Coto in a post-IPO equity round.
The company will use the capital to lift its subsidiary's copper capacity by 20,000 tonnes per annum and add 1,000 tonnes per annum of higher-margin, value-added products.
It is targeting completion by Q1 FY28 (April–June 2027).
Why now? Sunlite listed on the NSE Emerge platform in 2024, where its IPO drew heavy oversubscription.
The fresh funding lets it move quickly on scaling output to meet rising industrial demand from India's power and infrastructure sectors.
What could go wrong? Commissioning the 20,000 TPA expansion on schedule carries real execution risk.
Sunlite also faces swings in scrap copper availability and pricing, plus potential shifts in environmental rules governing recycling units.
The signal: Sunlite's move from early-stage recycler to an industrial-scale copper manufacturer hinges on a hefty 20,000 TPA capacity addition backed by a single strategic investor, Coto, rather than a broad institutional syndicate. That concentration mirrors the wider tilt in India's copper sector toward secondary, recycled supply, where tighter environmental rules and lower costs than primary mining are pulling capital into circular-economy plays.
Read more: SAHI
Image credit: Power Scrap Metal
