Gravita India Limited has informed the Exchange regarding a press release dated May 07, 2026, titled "Gravita India Limited to Set up Copper Recycling Plant at Mandvi, Gujarat".
GRAVITA · price
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Gravita India Limited has announced plans to establish a new Copper Recycling Plant in Mandvi, Gujarat. The project involves a capital expenditure of approximately ₹160 crore, funded through internal accruals. The plant will have an installed capacity of ~29,400 MTPA and is expected to commence commercial operations within 12 months. The facility will use advanced recycling technologies to produce high-quality recycled copper for domestic and export markets, aligning with Gravita's strategy to expand its non-ferrous metal recycling portfolio and strengthen vertical integration in the metals segment.
This is a positive long-term development for Gravita, as the new plant is expected to boost revenue, improve product mix, and enhance margins through value-added copper products. The ₹160 crore investment signals meaningful capacity expansion, though the impact on stock price will depend on future execution and market conditions for recycled copper.