- Country: India
- Industry: Manufacturing
- Stage: Seed
- Investment size: $1,000,000 / min. $250,000
- Type of investment: Debt
Usually nickel is refined in other countries and then imported. We are looking at producing nickel and the funding required would be in the tune of 3-4 crores.
Existing players are completely dependent on traders since there are no domestic producers. We are to extract the best quality of nickel for our customers in India.
Extracting and providing the best quality of nickel to our customers
Problems or Opportunities?
Nickel, a metal which India consumes around 80,000 tpa* is completely imported
To produce nickel as a metal in India in the most cost effective manner.
We will be refining only one product, NICKEL
How is it done now?
Usually nickel is refined in other countries and then imported. Existing players are completely dependent on traders since there are very few* domestic producers.
The customer (usually b2b) as of today buy from traders who import and sell it here in India and the price difference between imported and home brewn metal is usually huge depending on the market fluctuations.
*There is only one metal refining plant in India as of now which produces 1200 tpa (full capacity) and has been setup only a year back
As demand of stainless steel, automotive, aircraft, batteries and renewables keep increasing, nickel demand also steeply increases.
The general trend for nickel has been positive with the never before consumption pattern in all the metal and related products.
Nickel Production in India:
Nickel production did not take place in India until last year. Even though the first plant produces 1200 tpa it is just a drop in the ocean.
The market size is approximately 80,000 tons which is completely imported in the following pattern. The nickel demand is directly proportional to stainless steel and its related products.
Highly motivated entrepreneurs having vision to become the top producer of Nickel & Nickel based products.
We have one of the best consultants in the world working with us (http://kskoppiker.com/).
Knowledge of dealing with a variety of raw materials across various fields.
Each process is fully tested by our own technical team in our own facility. Helps in quickly starting the production after commissioning.
Good wrap up with the raw material suppliers.
A single plant which is capable of handling any metal like nickel, copper and cobalt.
Plant has capabilities to process e-waste and extract copper from copper dust for which there are no technology providers in India
Usually a metal refining industry needs at least 20 crore for a startup, but with access to the right raw material in the initial stages helps us set foot with 3-4 crore’s.
Contact us on Merar if you are interested investors.
Use of financing
Plant and MAchinery, Working capital
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