Gravita India Limited, a leading global recycling company having its recycling presence around the globe, hereby informs that Recyclers Ghana Limited, a step down subsidiary of the company situated in Ghana, West Africa has enhanced the production capacity of its existing Lead Recycling Plant from 6,000 MTPA to 12,000 MTPA.
The Group has made investment of approx. Rs. 21 Crores for establishment of this Recycling Plant having capacity of 12000 MTPA which has been invested from internal accruals of the company.
The production from the Ghana plant will provide strategic advantage to the company to cater to the European and US Market. This plant will help the company to save the logistics cost which will reduce the working capital cycle of the company resulting in better margins.
Gravita Group is among top most recycling companies across the globe and installation of this plant will help company to increase its footprints and to expand its horizons across the globe.
Shares of GRAVITA INDIA LTD. was last trading in BSE at Rs.45.4 as compared to the previous close of Rs. 46.65. The total number of shares traded during the day was 10286 in over 366 trades.
The stock hit an intraday high of Rs. 48 and intraday low of 44.85. The net turnover during the day was Rs. 469384.