Avro India Ltd updates on Recycling of Plastics

Avro India Ltd has embarked on an agenda to create a "Sustainable business" agenda by pioneering use of "Regenerated" polymers as against use of "Virgin" polymers, which is a major Raw Material used for manufacturing of plastic Moulded furniture. It is estimated that use of each Kilo of regenerated plastics leads to saving to 2.5 kg of Green House Gas (GHG) which contribute towards climate change. The Company is supporting Circular Economy by creating Sustainable business model by collection, upcycling and making final products of HDPE, LDPE and PP plastic which are some of the highest used plastics in India for self-consumption and commercial sale.

The company by using in-house innovation has started using plastic waste and have already crossed more than 300 MT of regenerated polymer manufacturing by outsourcing in first quarter of the financial year 2022-23, which it will gradually scale to 500 MT per month in FY 23. The plan is to meet major annual requirement of Polymers during FY 2022-23 by regeneration.

Shares of AVRO INDIA LIMITED was last trading in BSE at Rs. 121.55 as compared to the previous close of Rs. 121.10. The total number of shares traded during the day was 18653 in over 86 trades.

The stock hit an intraday high of Rs. 127.15 and intraday low of 120.20. The net turnover during the day was Rs. 2310870.00.

Source : Equity Bulls

Keywords

AVROINDIA INE652Z01017 RegeneratedPolymers Recycling RawMaterial MouldedFurniture