Nepra to invest Rs 6.5 billion for North & North-East India expansion

06 Aug 2024 CW Team

Nepra Resource Management Pvt Ltd, an Ahmedabad-based waste management firm, is set to invest Rs 6.5 billion in expanding its waste treatment and segregation operations in North and North-East India.

Currently managing over 1,000 tonnes of waste daily in cities such as Ahmedabad, Indore, Pune, Jamnagar, and Bengaluru, Nepra has already invested Rs 2.5 billion in solid dry waste management within these cities. The company aims to further invest Rs 6.5 billion over the next two years to establish waste treatment and segregation infrastructure in North Indian and North-Eastern cities, including Uttar Pradesh, Haryana, Rajasthan, and Maharashtra.

Sandeep Patel, CEO, Nepra Resources, stated, ?We are in the process of raising the required funds, which will be a combination of equity and structured debt.? The planned infrastructure will include Material Recovery Facilities (MRFs) for efficient waste management.

Nepra, which generates an annual revenue of about Rs 2.5 billion and has achieved an 80% year-on-year growth, also supplies around 300,000 tonnes of refuse-derived fuel (RDF) annually to cement kilns, reducing their reliance on coal. This RDF is sourced from plastic waste collected from various urban local bodies.

(Source: BusinessLine)

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