How much can be the profit?
The possibility of profit in this business is considered quite good. Old wires are bought at low prices and the copper extracted from them is sold at many times the price. At present the price of copper in the market is reaching about three thousand rupees per kg. Experts believe that its prices may increase further in the coming time. If proper management and control of expenses is maintained, then earning up to lakhs of rupees every month is possible. Besides, this business can also become a means of providing employment to others.
DISCLAIMER: This information is for general guidance. Before making any kind of investment, it is very important to talk directly to the people working in this field and understand the market situation. With the right information and planning, this business can prove to be stable and profitable in the long run.