Please find enclosed press release of the company for setting up of copper recycling plant in Mandvi, Gujarat
GRAVITA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gravita India Ltd has announced plans to establish a new copper recycling plant in Mandvi, Gujarat. The project involves a capital expenditure of approximately ₹160 crore and will have an installed capacity of ~29,400 MTPA. The facility will use advanced recycling technologies for high metal recovery and environmental compliance. Commercial operations are expected to commence within 12 months, funded through internal accruals. The plant aims to expand the company's non-ferrous metal recycling portfolio, enhance value addition, and meet growing domestic and export demand for recycled copper.
This greenfield expansion signals Gravita's commitment to growing its recycling business and circular economy initiatives. The ₹160 crore investment is expected to positively contribute to future revenue and profitability once commissioned.