Submission of Press Release Pursuant Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Eco Recycling Limited has announced a major expansion of its e-waste and lithium-ion battery recycling capacity. The company added 18,000 MTPA of e-waste processing capacity and commissioned a dedicated 6,000 MTPA facility for lithium-ion battery recycling at a new 40,000 sq. ft. plant in Vasai near Mumbai, bringing total recycling capacity to 31,200 MTPA. The entire expansion was funded through internal accruals, keeping the company zero-debt. The company also highlighted being the first Indian e-waste firm inducted into the global TERRA alliance and being acknowledged by Prime Minister Modi on Mann Ki Baat for its sustainability efforts. For FY25, the company reported Total Income of ₹46.30 Cr, EBITDA of ₹33.32 Cr, and PAT of ₹23.38 Cr.
The capacity expansion positions Eco Recycling to benefit from rising compliance needs under India's E-Waste Management Rules, 2022 and EPR norms, potentially driving revenue growth. The zero-debt funding and global recognitions like TERRA induction strengthen its credibility, though actual financial impact will depend on capacity utilisation and EPR-driven demand.