Intimation of Commencement of new business.
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The company (formerly known as Containerway International, now Indus Aluminium Recyclers) has announced its entry into a new business segment — manufacturing of household cables under the brand name 'Indus Cables'. All necessary tie-ups and contracts for this new venture are currently being finalized, and the company expects to commence operations from October 2025. Management has indicated that substantial growth in turnover is anticipated over the next 5 years, driven by the large-scale real estate development expected across the country. The company believes this move will help create a niche market position and add value for investors.
This represents a diversification move beyond the company's existing aluminium recycling operations. While no specific revenue figures or financial projections are provided, the management's optimistic 5-year growth outlook tied to the real estate boom could be a positive signal for long-term shareholders, though execution risks remain since the business has not yet started.