CMR Green Technologies, an Indian non-ferrous secondary alloy maker, is expanding its capacity by building two new recycling plants in Shoolagiri, Tamil Nadu and Bawal, Haryana. The company reported strong financial results for the first quarter of FY27.
During the first quarter ended on 30 th June 2026, the company invested Rs. 53 crore ($5.6 million) in two new projects. It also expanded existing facilities and upgraded technology at its Tirupati and other locations.
In the first quarter of FY27, CMR's revenue grew 64.9% year on year to Rs. 3,122.7 crore. EBITDA rose 27.1% to Rs. 139.5 crore, and profit after tax increased 21.9% to Rs. 68.2 crore.
Sales volumes rose 25.2% year on year to 1,12,336 tonnes. The company credits this growth to strong demand, improved operations, and careful cost control, even amid changes in aluminium prices.
With this expansion, CMR expects its recycling capacity to exceed 700,000 tonnes per year by FY27.
The Shoolagiri plant is being built at a Future Mobility Park and is set up to serve electric vehicle component makers. The Bawal plant will help the company grow its manufacturing presence in northern India.
CMR runs 13 facilities across key locations, with a total annual capacity of over 600,000 tonnes. It sources scrap from more than 1,000 yards worldwide and supplies recycled aluminium and other products to over 350 customers, including major automotive manufacturers and Tier-I suppliers.
The company is focusing more on buying scrap domestically to cut lead times and reduce logistics costs. In addition to its global sourcing, CMR has long-term supplier partnerships and owns a US-based sourcing subsidiary to ensure a steady supply of quality scrap.
Aluminium alloys made up 81% of CMR's revenue in FY26. The company is also expanding into billet recycling, used beverage can (UBC) recycling, and non-automotive uses such as construction, solar, and electric vehicles. UBC recycling grew 333% year on year, according to the investor presentation.
CMR's growth is supported by joint ventures with Japanese companies, including Nippon Light Metal, Toyota Tsusho, and Nikkei. These partners offer technical know-how, help source scrap, and give access to global markets.
CMR is expanding its capacity to meet rising demand for recycled aluminium in the automotive and electric vehicle sectors. The Shoolagiri plant will help supply recycled liquid aluminium just in time for EV component makers, including battery casings and lightweight parts.
CMR Green Technologies was listed on the BSE and NSE on June 10, 2026, following a Rs. 630.6 crore IPO that included an offer-for-sale of 3.29 crore equity shares.
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