Support and Resistance Levels
Past performance
About Sunlite Recycling Industries Ltd Sunlite Recycling Industries Limited, initially established as a partnership firm in 2017, evolved into a public limited company in April 2024. The company specializes in manufacturing copper products such as rods, wires, earthing wires, strips, conductors, and wire bars by recycling copper scrap. These products are crucial for power generation, transmission, distribution, and electronic industries. Sunlite also offers job work services for processing various copper products, emphasizing environmental and safety standards in its operations.
The company began operations in 2012, initially focusing on oxygen-free copper rods, and expanded its product line over the years to include copper strips and wires. Notable advancements include acquiring a copper strip machine from China in 2015-16 and a wire-drawing machine in 2017-18, followed by a Copper CCR Machine in 2020, which bolstered its revenue. Sunlite is preparing for a public offering of 28,80,000 equity shares, reflecting its growth trajectory and future expansion plans.