Eco Recycling Ltd - An update on the Capacity Enhancement

Eco Recycling Ltd's proactive e-waste recycling capacity expansion by 18,000 MTPA and setting up of a dedicated facility of 6,000 MTPA for processing lithium-ion (Li-ion) batteries in a stateof-the-art 40,000 sq. ft. facility situated in a prominent industrial zone at Vasai, near Mumbai, is well-aligned with the E-waste Management Rules, 2022, to meet the recycling of incremental e-waste generation and target obligations of the Producers. Extended Producer Responsibility (EPR) obligation submission via the centralized EPR Portal and introduction of the Environmental Compensation (EC) provisions for non-compliance, are the future driving forces for the growth of the industry and formalisation of the sector.

Importantly, the entire investment towards land, building, plant, and machinery has been made through internal accruals, reaffirming Ecoreco's position as a zero-debt company. This debt-free expansion provides a strategic edge over competitors by eliminating interest and EMI obligations, ensuring stronger financial resilience and operational flexibility. These developments are expected to formalize the sector further and promote environmentally sound recycling practices while curbing pollution caused by informal operations.

As India's foremost e-waste management company, Ecoreco offers a comprehensive suite of services under the e-waste ecosystem-from collection and logistics to recycling, data destruction, refurbishment, and full EPR compliance. We operate in alignment with global best practices, serving a distinguished clientele of brand-conscious and environmentally responsible producers.

In a major milestone, Ecoreco has recently become the first Indian e-waste recycling company to be inducted into TERRA (The Electronics Reuse & Recycling Alliance)-a prestigious international network of certified recyclers holding R2, R2v3, and e-Stewards certifications. This recognition significantly enhances Ecoreco's global standing, trustworthiness, and alignment with international ESG benchmarks.

We are also humbled and proud to share that our company and our mobile app 'BookMyJunk' received an honourable mention by Hon'ble Prime Minister Shri Narendra Modi in his 'Mann Ki Baat' address. This national recognition underscores our commitment to sustainability, innovation, and service to the nation.

Shares of ECO RECYCLING LTD. was last trading in BSE at Rs. 632.15 as compared to the previous close of Rs. 618.65. The total number of shares traded during the day was 105381 in over 3115 trades.

The stock hit an intraday high of Rs. 640.05 and intraday low of 622.00. The net turnover during the day was Rs. 66480883.00.

Source : Equity Bulls

Keywords

ECORECYCLING INE316A01038 Update CapacityEnhancement