Gravita India Ltd - Expansion in production capacity at Mundra plant

Gravita India Limited ("Gravita" or the "Company) a leading player in the recycling sector, hereby informs that company has increased capacity of its existing recycling unit situated at Mundra, Gujarat ("Facility"). The existing capacity of said unit for Lead recycling has been increased by 80,300 MTPA and as on date after the expansion the total capacity of this unit for Lead recycling will be 1,45,100 MTPA.

The company has made an investment of ~Rs. 49.00 Crores for procurement and commissioning of the said recycling plant which is invested from internal accruals of the company.

This capacity enhancement aligns with the company's long-term strategy to strengthen its recycling capabilities and meet growing domestic and international demand for sustainable lead products.

The expanded capacity will enable Gravita to improve operational efficiencies, optimize logistics, and better serve key export markets. The Mundra plant's strategic proximity to the port continues to provide significant advantages in sourcing raw materials and serving global customers. This expansion reinforces our commitment to circular economy principles while strengthening our ability to meet increasing demand for high-quality recycled lead in a responsible and sustainable manner.

Gravita is a leading global recycling company with 13 eco-conscious, state-of-the-art manufacturing facilities worldwide. Post expansion, the Company's total installed recycling capacity stands at 4,25,959 MTPA. With a presence in over 70 countries and a rich recycling heritage of over three decades, the company operates across 6 business verticals.

Shares of Gravita India Limited was last trading in BSE at Rs. 1594.10 as compared to the previous close of Rs. 1579.60. The total number of shares traded during the day was 3989 in over 666 trades.

The stock hit an intraday high of Rs. 1599.15 and intraday low of 1570.40. The net turnover during the day was Rs. 6354851.00.

Source : Equity Bulls

Keywords

GravitaIndia INE024L01027 Expansion ProductionCapacity MundraPlant LeadRecycling