Gravita India Limited to Set up Copper Recycling Plant at Mandvi, Gujarat

Gravita India Limited, a leading recycling and manufacturing company with a strong presence across metals, plastics, and rubber recycling, has announced plans to establish a Copper Recycling plant in Mandvi, Gujarat. This initiative aligns with the company's strategy to expand value-added recycling capacities and strengthen its contribution to the circular economy.

Plant Overview

- Capital Expenditure: Approximately ₹160 crore
- Location: Mandvi, Gujarat (strategically chosen for strong infrastructure and logistics access)
- Installed Capacity: ~29,400 MTPA

The facility will deploy advanced and efficient recycling technologies to ensure high metal recovery, consistent product quality, and compliance with environmental standards. Commercial operations are expected to commence within the next 12 months. The commissioning of plant will be funded through internal accruals.

Strategic Rationale

The copper recycling plant is aimed at:

- Expanding Gravita's non-ferrous metal recycling portfolio
- Enhancing value addition and vertical integration in the metals segment
- Meeting growing domestic and export demand for recycled copper
- Supporting sustainable and environmentally responsible manufacturing

The proposed copper recycling plant at Mandvi is a strategic step aligned with our long-term vision of expanding recycling capacities. The plant will strengthen our non-ferrous portfolio while reinforcing our commitment to sustainable resource utilization and long-term stakeholder value creation.

Expected Impact

Upon commissioning, the plant is expected to:

- Contribute positively to revenue and profitability
- Improve product mix and margins through value-added copper products
- Generate direct and indirect employment in the region
- Reduce carbon footprint via increased use of recycled copper
- Deliver operational synergies across procurement, logistics, and sales

This initiative further reinforces Gravita India Limited's position as a global leader in sustainable recycling solutions, aligned with India's focus on circular economy and resource efficiency.

Shares of Gravita India Limited was last trading in BSE at Rs. 1763.45 as compared to the previous close of Rs. 1800.10. The total number of shares traded during the day was 74517 in over 6612 trades.

The stock hit an intraday high of Rs. 1817.00 and intraday low of 1704.20. The net turnover during the day was Rs. 131683128.00.

Source : Equity Bulls

Keywords

GravitaIndia INE024L01027 CopperRecyclingPlant Mandvi Gujarat