Eco Recycling Limited sees stronger than estimated prospects for E-Waste & Li-ion Battery Recycling following NITI Aayog Circular Economy Outlook aligned with India''s Net Zero 2070 and ....
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Awaiting price reaction for this filing.
Eco Recycling Ltd has shared a positive business update highlighting the recently released NITI Aayog report on Advancing Circular Economy of E-waste and Lithium-Ion Batteries. The report emphasizes India's rising e-waste and battery waste volumes and treats formal recycling as a national priority aligned with Net Zero 2070 and Viksit Bharat 2047 goals. India's current e-waste flows are estimated at around ₹51,000 crore annually, presenting a large untapped opportunity for formal recyclers. The company says its expanded operations in Maharashtra give it a total processing capacity of 31,200 metric tonnes per annum (MTPA) for e-waste and lithium-ion batteries, positioning it to serve producers' EPR obligations under the E-Waste Management Rules, 2022. Management stated that prospects for e-waste and Li-ion battery recycling are now brighter than previously estimated, citing supportive policy focus and rising demand for sustainable material streams.
This is a qualitative positive outlook statement rather than a concrete order or earnings beat, so the direct stock price impact may be limited in the short term. However, it reinforces Eco Recycling's positioning as a beneficiary of India's formal e-waste and battery recycling push, which could support longer-term investor interest in the story.