Gravita to add 59,200 MTPA Copper Recycling Capacity at Mundra
GRAVITA · price
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Gravita India plans to add 59,200 MTPA copper recycling capacity at its existing Mundra, Gujarat facility. Capital expenditure is about 64 crore rupees, to be funded through internal accruals. The plant will be commissioned in phases by March 31, 2029. It serves as backward integration for the proposed Mandvi facility and expands the company's non-ferrous metal recycling vertical. The port-adjacent location aids raw material sourcing and exports.
64 crore rupees capex funded internally, no equity dilution. Commissioning only by March 2029. Supportive of long-term non-ferrous recycling growth.