Shares of Gravita India Ltd rose 2.29% to ₹1,872.60 on Friday after reports indicate that India’s much-anticipated incentive scheme for recycling essential minerals is in the final stages of government approval. The development, seen as a strategic push to strengthen India’s resource independence, sparked renewed investor interest in companies involved in circular economy and sustainability.

The policy aligns with the National Critical Minerals Mission (NCMM) and aims to reduce India’s heavy reliance on imported key battery metals like lithium, cobalt, and nickel—particularly from China. As the electric vehicle (EV) and energy storage sectors expand rapidly, the policy is expected to play a crucial role in building a resilient domestic recycling ecosystem.

Gravita India, a leading player in recycling and sustainable materials, is seen as a potential beneficiary of this move. With a market cap of ₹134.40 billion and a track record in metal recovery and reuse, the company stands well-positioned to tap into the opportunities presented by the upcoming policy shift.

This development could enhance long-term opportunities in the recycling sector and lift valuations for companies focused on sustainable resource recovery and supply chain localisation.

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