Gravita India Limited, a prominent player in the recycling and manufacturing industry, has announced its plans to establish a new copper recycling plant in Mandvi, Gujarat. The initiative is part of the company’s strategic expansion to enhance its recycling capacities and bolster its role in the circular economy.
The upcoming plant will involve a capital expenditure of approximately ₹160 crore and will be strategically located in Mandvi, Gujarat, chosen for its robust infrastructure and logistics access. The facility is designed with an installed capacity of around 29,400 MTPA and will utilise advanced recycling technologies to ensure high metal recovery and consistent product quality while adhering to environmental standards. The commercial operations of the plant are anticipated to commence within the next 12 months, with funding sourced from internal accruals.
This strategic move aims to expand Gravita’s non-ferrous metal recycling portfolio, enhance value addition, and achieve vertical integration in the metals segment. It also seeks to meet the increasing domestic and export demand for recycled copper, supporting sustainable and environmentally responsible manufacturing practices.
The proposed plant is expected to contribute positively to Gravita’s revenue and profitability, improve product mix and margins through value-added copper products, and generate both direct and indirect employment opportunities in the region. Additionally, it will help reduce the carbon footprint by increasing the use of recycled copper and deliver operational synergies across procurement, logistics, and sales.
Gravita India Limited’s initiative further cements its position as a global leader in sustainable recycling solutions, aligning with India’s focus on the circular economy and resource efficiency. The establishment of this plant will not only strengthen the company’s non-ferrous portfolio but also reinforce its commitment to sustainable resource utilisation and long-term stakeholder value creation.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).