Receipt of Consent of Establish (CTE)- Amendment from Gujarat Pollution Control Board by K.P International Private Limited, Subsidiary of Kemistar Corporation Limited.
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Kemistar Corporation's subsidiary K.P International Private Limited has received an amended Consent to Establish (CTE) from the Gujarat Pollution Control Board, dated April 11, 2025. The approval covers the setup of a recycling facility for E-waste, Li-ion Batteries, Lead Acid Batteries, Solar Panels, and Metal & Precious Metal Recovery with a total capacity of 42,000 metric tonnes per annum. The plant is located at Dahej GIDC, Bharuch, Gujarat, and the consent is valid until August 28, 2031. The company states this amendment enhances its production capacity as part of a long-term strategy to expand its chemicals and intermediates business while tapping into the growing renewable energy sector.
This regulatory clearance enables the subsidiary to scale up its recycling operations significantly, positioning Kemistar to benefit from the rising demand for e-waste and battery recycling tied to renewable energy growth. The long validity period (until 2031) provides operational certainty, though the actual financial impact on the listed entity will depend on how quickly the enhanced capacity is utilised.