1. Capacity expansion to \~7 lakh tonnes by FY27 - Installed capacity rises from \~6.15 lakh tonnes to nearly 7 lakh tonnes by end-FY27, with \~80% in aluminium and \~20% in non-aluminium. FY26 volumes grew 24% to 80,381 metric tons and management expects similar growth in FY27, so the added capacity directly feeds a demonstrated demand trajectory.
2. Shoolagiri EV-materials plant starts in FY27 - Subsidiary CMR-Toyotsu Aluminium India is building a plant at Tamil Nadu's Future Mobility Park to supply raw material for electric-vehicle parts, with operations expected to commence in FY27. It positions CMR inside the EV supply chain just as aluminium content per vehicle is set to triple versus conventional models.
3. Bawal customer-dedicated plant starts in FY27 - Subsidiary CMR Nikkei India is constructing a second plant at Bawal, Haryana, with operations expected to commence in FY27. A plant built to a specific customer's pull removes demand risk and deepens a relationship that already generates repeat revenue of 97%.
4. Green billets and sheet-ingot ramp-up with potential second plant - The Tirupati unit's recycled green billets and sheet-ingot facility, India's first at scale, is ramping well and management says the likelihood of a second plant in this segment is high. This opens the non-automotive wrought-alloy market - construction and solar - where CMR has no legacy exposure, widening the addressable base beyond cast alloys.
5. Liquid aluminium supply to a leading Gujarat PV OEM - A liquid aluminium plant has been announced for a top passenger-vehicle maker's Gujarat facility, delivering molten metal that saves customers an estimated 6-7% versus solid ingots. Liquid supply locks in the customer within a 20-25 km radius and builds a moat around patented transport and process-control technology.
6. Carbon credit monetisation from a 2.73-lakh-tonne stock - CMR holds 2.73 lakh tonnes of carbon credits with no revenue yet recognised and is adding 70,000-80,000 tonnes annually. As EPR mandates for recycled content phase in - starting at 5-10% and rising to 60-70% - the credit inventory becomes a monetisable asset that could add a new, high-margin revenue line.
7. Non-aluminium segment mix shift toward 25% of volume - Non-ferrous volume grew 18% in FY26 and management expects the aluminium-to-non-aluminium ratio to move from 80:20 toward 75:25. A richer mix of zinc, copper, brass and stainless steel lifts the average realisation per tonne, which already improved \~4% in FY26.
8. Beverage-can recycling with Hindalco in Odisha - A used-beverage-can recycling plant built near Hindalco's Odisha operations supplies liquid recycled metal directly to Hindalco. Tying into a primary producer's stream diversifies CMR away from automotive cycles and opens a new vertical - beverage-can recycling - that management intends to grow.