Gravita India increases capacity of recycling unit in Chittoor Facility

26 May 2023 Evaluate

Gravita India has increased capacity of its existing recycling unit situated at Chittoor, Andhra Pradesh (Facility). The existing capacity of said unit for Battery recycling has been increased by 26,440 MTPA bringing the total capacity of Battery recycling of this unit to 64,640 MTPA.

With this expansion the total capacity of Gravita Group has reached to 2,78,059 MTPA which is in line with company’s target to reach 4,25,000 MTPA by F.Y. 2026. The investment in the said capacity expansion is around Rs 21 crore which has been funded through internal accruals of the company.

Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.

Gravita India Share Price

1599.15 -3.75 (-0.23%)
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