GRP Limited has informed the Exchange about Product launch
GRPLTD · price
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Awaiting price reaction for this filing.
GRP Limited has started commercial production of four new products derived from end-of-life tyres: Tyre Pyrolysis Oil, Recovered Carbon Black, Char, and Recovered Steel Wire. These fall under the company's Tyre EPR (Extended Producer Responsibility) category and are classified as sustainable materials. The products will cater to both domestic and international markets. This follows earlier announcements from August 2024 and March 2025 about expanding capacity in this segment, meaning the new lines have now become operational as planned.
This marks a concrete step from capacity expansion announcement to actual commercial output, which could support future revenue growth in the sustainability/recycling segment. However, the filing does not disclose order volumes, pricing, or expected contribution to revenue, so the near-term impact on the stock may be limited until more detail emerges.