Gravita India to add Copper Recycling capacity at Mundra unit

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Price reactionminutes from the announcement price · days from the prior close

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₹1789.40

prior close

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Nifty Smallcap 250market+0.6%-0.6% vs market

Industrial Minerals peers, median of 12sector+0.5%-0.4% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 0.4 pts less than its Industrial Minerals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Industrial Minerals peers, median of 12Pending

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AI summary

Gravita India plans to add Copper Recycling capacity of 59,200 MTPA at its existing Mundra unit in Gujarat. The project requires an investment of about Rs. 64 crores, funded entirely through internal accruals. The capacity will be commissioned in phases by March 31, 2029. The company says the move strengthens its recycling capabilities and addresses growing domestic and international demand for sustainable copper products.

Likely market impact

Diversifies into copper recycling, supports long-term growth, but full benefits will phase in over three years with no external funding risk.