Gravita India Limited has announced plans to establish a new Copper Recycling plant in Mandvi, Gujarat. With a planned capital expenditure of approximately ₹160 crore and an installed capacity of ~29,400 MTPA, the facility aims to bolster the company’s non-ferrous recycling portfolio. Commercial operations are slated to commence within the next 12 months, as the company continues to drive sustainable growth and strengthen its contribution to the circular economy.
Boosting Sustainable Recycling Capabilities
Gravita India Limited has unveiled a significant expansion of its recycling infrastructure with the announcement of a new Copper Recycling facility in Mandvi, Gujarat. This strategic initiative is designed to scale the company’s value-added recycling capacities, effectively enhancing its vertical integration within the metals segment and meeting the rising domestic and export demand for recycled copper.
Project Financials and Timeline
The company has committed a capital expenditure of approximately ₹160 crore for this project, which will be financed entirely through internal accruals. The Mandvi location was specifically chosen for its favorable infrastructure and logistics access. The plant is expected to have an installed capacity of ~29,400 MTPA, with full-scale commercial operations targeted to begin within the next 12 months.
Strategic Benefits and Expected Impact
The establishment of this plant serves multiple long-term objectives for the company. Beyond expanding its non-ferrous metal recycling footprint, the project is expected to:
- Improve product mix and margins through high-quality value-added copper products.
- Generate direct and indirect employment opportunities within the Gujarat region.
- Significantly reduce the corporate carbon footprint by maximizing the utility of recycled materials.
- Deliver operational synergies across the company’s procurement, logistics, and sales networks.
By investing in advanced recycling technologies, Gravita India reinforces its global position in sustainable resource utilization and its commitment to long-term stakeholder value creation.
Source: BSE
