Baheti Recycling Industries IPO

Behati Recycling primarily operates in n processing aluminium based metal scrap to manufacture (i) aluminium alloys in the form of ingots and (ii) aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. It also engages in in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. The versatile properties of aluminium and its alloys, results in it being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc. Aluminium alloys are used in automobiles components due to its stiffness, corrosion resistance and excellent strength to weight ratio while Aluminium de-ox alloys are used as deoxidizer in steel manufacturing units.

Aluminium is more environment-friendly than steel, plastic and other materials. Key sectors to drive aluminium consumption in India are Auto, Power, Electronics, Railways, Aerospace & Defence Construction, Solar Energy and Aluminium packaging.    
Some of the key customers are ArcelorMittal Nippon Steel India, Tata Steel, Minda Corporation, Sigma Electric, Sunflag Iron & Steel Co. Ltd. etc. The company market its products to around 12 states & Union Territories in India of which majority portion of the revenue comes from the state of Gujarat, Maharashtra, Orissa and Jharkhand. The company also sells products to the foreign buyers located in Japan, Canada, USA, China, Hong Kong, UAE, Taiwan etc.