Gravita India Limited is set to enhance its recycling capabilities by establishing a new 59,200 Metric Tonnes Per Annum (MTPA) copper recycling plant at its Mundra, Gujarat facility. This expansion, requiring an estimated ₹64 crore in capital expenditure, is slated for commissioning in phases by March 31, 2029. The initiative aligns with the company’s strategy to strengthen its position in the non-ferrous metal recycling segment and capitalize on the growing global demand for recycled copper.
Gravita India Announces Major Capacity Expansion
Gravita India Limited, a global recycling company, has announced significant plans to expand its operational capacity by adding 59,200 Metric Tonnes Per Annum (MTPA) of copper recycling capabilities. This new plant will be established at the company’s existing facility in Mundra, Gujarat.
Key Highlights of the Expansion
- Planned Capacity Addition: 59,200 MTPA of copper recycling capacity, to be implemented in a phased manner.
- Location: Mundra, Gujarat.
- Capital Expenditure: Approximately ₹64.00 crores.
- Strategic Focus: Expansion of non-ferrous metal recycling capabilities.
- Funding: The expansion will be funded through internal accruals.
Strategic Significance and Timeline
The proposed copper recycling capacity will focus on processing copper-bearing recyclable materials, enabling Gravita to recover valuable metals. This expansion also serves as a backward integration initiative for the proposed Mandvi plant in Gujarat, enhancing the company’s raw material sourcing and processing capabilities. The capacity addition is expected to be commissioned in phases by March 31, 2029.
This move is a crucial step in Gravita’s strategy to bolster its presence in the non-ferrous metal recycling sector and leverage the increasing demand for recycled copper in both domestic and international markets. The Mundra facility’s proximity to major ports offers logistical advantages for sourcing raw materials and distribution.
Long-Term Growth Alignment
The planned capacity addition is directly aligned with Gravita’s overarching growth strategy, which includes:
- Expanding its presence in the copper recycling segment.
- Increasing its overall non-ferrous metal recycling capacity.
- Catering to the growing demand for recycled copper.
- Strengthening its position in the global circular economy.
About Gravita Group
Gravita Group is a leading global recycling entity with diverse operations spanning Lead, Aluminium, Copper, Rubber, Plastics, and Lithium. The Group is committed to expanding its recycling ecosystem through organic growth, strategic investments, and acquisitions, with a strong emphasis on sustainability, resource efficiency, and the circular economy.
Source: BSE
