Eco Recycling Ltd welcomes Central Government''s INR 1500 Crores of Subsidy Scheme for Minerals recovery out of e-waste, Li-ion batteries & Catalytic Converters.
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Eco Recycling Ltd welcomed the Union Cabinet's approval of a ₹1,500 crore incentive scheme under the National Critical Mineral Mission, aimed at promoting advanced recycling of e-waste, lithium-ion battery scrap, and catalytic converters. The scheme offers a 20% capital subsidy along with phased operational support and targets recovery of 40,000 tonnes of critical minerals. One-third of the allocation is reserved for new entrants, startups, and MSMEs, while the rest is open to existing players. Ecoreco noted that several of its suggestions during stakeholder consultations were incorporated into the scheme. As India's first organized e-waste recycler, the company says it is well-positioned to leverage the opportunity, but no specific orders, project wins, or financial commitments are mentioned in the filing.
Positive sentiment for shareholders as a government policy tailwind, but no direct revenue or order is announced yet. Actual benefit to Ecoreco depends on how much of the ₹1,500 crore it can win under the scheme — short-term stock impact is likely limited to sentiment, with real upside contingent on future allocations.