Jain Resource Recycling Limited (JRRL) has unveiled plans for expansion, coupling a forward-integration strategy with a newly announced joint venture to strengthen its position in the recycling industry.

Strategic Joint Venture with C&Y Group Investments

JRRL has entered into a joint venture agreement with C&Y Group Investments, Inc., a major player in the global scrap metal industry. The partnership aims to establish and operate a recycling and manufacturing facility in Ahmedabad, Gujarat.

Key aspects of the joint venture include:

• JRRL will hold a 52% stake in the new joint venture company, with C&Y Group holding 45%.
• The facility will focus on recycling various materials, including cables, motors, alternators, and copper scrap.
• C&Y Group, with its international presence including ten scrap yards in North America and operations in Thailand and Japan, plans to provide a guaranteed annual supply of scrap materials.

This collaboration is expected to enhance JRRL's supply chain efficiency and expand its footprint in the recycling sector.

Growth Strategy

Alongside the joint venture, JRRL has outlined a growth strategy focusing on:

1. Forward Integration: The company plans to expand into copper cathode, wire rod, and copper busbar manufacturing, utilizing products from its existing recycling facilities.

2. Capacity Expansion: JRRL is working on increasing its manufacturing capabilities.

3. New Recycling Verticals: The company is exploring entry into new areas such as automotive tyre, e-waste, and solar panel recycling.

Market Impact

These developments may strengthen JRRL's position in the recycling industry. The company's focus on diversification and sustainable practices aligns with global trends towards circular economy principles.

As JRRL implements its growth strategy, the impact of these initiatives on the company's performance and the broader recycling sector in India remains to be seen.

Jain Resource Recycling Limited has announced a significant move in the recycling industry by entering into a joint venture agreement with C&Y Group Investments, Inc. The partnership, formalized on October 22, 2025, aims to establish and operate a recycling and manufacturing facility in Ahmedabad, Gujarat.

Key Details of the Joint Venture

Strategic Implications

The joint venture marks a strategic expansion for Jain Resource Recycling, leveraging C&Y Group's global sourcing expertise. C&Y Group, recognized as one of the largest scrap metal exporters from North America, brings significant international experience to the partnership, including:

• Ten self-owned scrap yards in North America
• A recycling operation in Thailand
• A trading company in Japan

As part of the agreement, C&Y Group will supply the joint venture company with guaranteed annual quantities of various scrap materials at competitive prices, ensuring a stable and efficient supply chain.

Governance Structure

The joint venture company will be incorporated as a private limited company in India and will become a subsidiary of Jain Resource Recycling. The board of directors will consist of five members:

• Three directors appointed by Jain Resource Recycling
• Two directors nominated by C&Y Group Investments
• The Managing Director will be nominated by Jain Resource Recycling

Long-term Vision

This collaboration is expected to drive growth and sustainability in the recycling sector, aligning with both companies' commitment to environmental responsibility and industrial innovation. By expanding its footprint in the recycling industry and enhancing the value chain within India, Jain Resource Recycling aims to capitalize on the growing demand for sustainable resource management solutions.

The joint venture represents a significant step towards strengthening India's position in the global recycling market, potentially creating new job opportunities and contributing to the country's circular economy initiatives.