AVRO INDIA LIMITED has informed the Exchange regarding a press release dated January 08, 2026, titled "Press release of Avro Group with media journalists".
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Awaiting price reaction for this filing.
Avro India, through its wholly owned subsidiary AVRO Recycling Limited, has commissioned a greenfield flexible plastic recycling plant in Ghaziabad — claimed to be India's largest — with a current capacity of 500 metric tonnes per month. The company has invested ₹25 crore in the facility so far and plans to add another ₹30 crore by FY 2027. The plant tackles hard-to-recycle waste such as cement, salt, sugar, putty and calcite bags, and produces recycled granules that are up to 40% cheaper than virgin plastic and are used in furniture, air coolers, washing machines and automotive parts. Avro's recycled output addresses a supply gap created by the government's Extended Producer Responsibility (EPR) norms, which require 30% recycled content in rigid plastics. The company plans to roll out a pan-India network of 'mother and baby' recycling plants to support India's circular-economy push.
For shareholders, this marks a meaningful diversification beyond plastic-moulded furniture into a high-growth, regulation-backed recycling business with strong cost and scale advantages. The ₹55 crore total capex commitment (current + planned) signals serious execution intent, but the impact on near-term stock price will depend on how quickly the new capacity ramps up and starts contributing meaningfully to revenue and margins.