Owais Metal And Mineral Processing Limited — Important, 11-02-2025: Updates

Owais Metal & Mineral Processing Limited has commenced the commercial production of several rare earth elements, including Tantalum Pentoxide, Niobium Pentoxide, Titanium Dioxide, and Tin, utilizing proprietary technology for recovery from mining waste. This initiative aligns with India's aim of becoming self-reliant in resource utilization. The company aims to enhance production capacity, positioning itself as a leading recycler of rare earth elements, critical for industries such as defense and high-tech electronics.

For the nine months ending December 2024, the company reported an estimated total revenue of ₹15,015.19 crore, reflecting impressive growth of 279.94% compared to the same period in FY 2023-24. Currently, Owais holds work orders worth approximately ₹151.41 crore, which are expected to be fulfilled by February 2025. These contracts encompass a range of processing and manufacturing tasks, including quartz, manganese oxide, and ferro alloys, which are set to bolster the company’s market position and profitability moving forward. Positive outlook ahead for stakeholders.