Gravita India Limited has informed the Exchange regarding a press release dated January 23, 2026, titled "Gravita India Limited ventures into Lithium-Ion Battery Recycling at Mundra".
GRAVITA · price
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Awaiting price reaction for this filing.
Gravita India Limited has announced a new business venture into Lithium-Ion Battery (LIB) recycling, with operations planned at Mundra, Gujarat. This marks a strategic diversification beyond the company's existing lead recycling operations into the fast-growing EV and energy storage value chain. The move comes as India sees rising demand for battery recycling driven by the rapid adoption of electric vehicles and consumer electronics. Mundra offers strategic advantages with its port connectivity and industrial infrastructure. No financial details on investment size or capacity have been disclosed in the filing.
This is a positive long-term growth signal, positioning Gravita in a high-potential segment aligned with India's EV and clean energy push. Near-term stock reaction may be modest since financials and timelines are not yet disclosed; investors should watch for follow-up updates on capex and capacity.