Gravita India Plans Major Copper Recycling Plant Expansion in Mundra, Gujarat
Gravita India Limited, a global leader in recycling operations, has announced plans for a significant expansion of its non-ferrous metal capabilities with the introduction of a dedicated copper recycling plant in Mundra, Gujarat. This move underscores the company’s commitment to strengthening its position within the domestic and international markets for recycled copper.The new facility is slated to add 59,200 Metric Tonnes Per Annum (MTPA) of copper recycling capacity at its existing site in Mundra. The project is estimated to require a capital expenditure of approximately ₹ 64.00 crores and will be financed through internal accruals.
This substantial capacity addition focuses on processing copperbearing recyclable materials, enabling Gravita to efficiently recover high-grade copper and other valuable components from the raw feedstock. The expansion serves as an integral backward integration initiative supporting the proposed Mandvi plant in Gujarat, enhancing operational synergy across Gravita's entire copper recycling value chain.
The incremental capacity is scheduled for phased commissioning, with operations expected to commence by March 31, 2029.
Project Highlights and Strategic Focus
The planned expansion aligns directly with Gravita’s long-term strategy to grow its presence in the non-ferrous metal segment and capitalize on the rising global demand for recycled copper. The Mundra location offers critical logistical advantages due to its proximity to a major port, facilitating streamlined sourcing of raw materials as well as serving export markets.Key details regarding the planned capacity addition are summarized below:
| Metric | Detail |
|---|---|
| Facility | Copper Recycling Plant at Mundra, Gujarat |
| Capacity Added | 59,200 MTPA (Copper Recycling) |
| Investment | Approximately ₹ 64.00 crores |
| Funding Source | Internal Accruals |
| Commissioning Timeline | Phased commissioning by March 31, 2029 |
Gravita Group operates as a leading global recycling organization, engaging in the recycling and manufacturing of various materials including Lead, Aluminium, Copper, Rubber, Plastics, and Lithium. The company continues to expand its comprehensive recycling ecosystem through strategic investments and organic capacity additions, maintaining a strong focus on sustainability and the circular economy.
GRAVITA Stock Price Movement
Gravita India Limited shares slipped by 1.36% on Wednesday, closing at ₹1793.10 after shedding ₹24.70 from its previous close. The stock saw substantial trading activity during the session, with 73,944 shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.