Shares of Gravita India Limited rose more than 3% after the company announced a major expansion at its existing lead recycling facility in Mundra, Gujarat. The move is seen as a strategic step to strengthen its leadership in India’s recycling sector and scale up operations in line with rising demand.
The company has increased the lead recycling capacity of the Mundra unit by 80,300 metric tonnes per annum (MTPA), taking the total capacity of the plant to 1,45,100 MTPA. The expansion has been executed with an investment of approximately ₹49 crore, funded entirely through internal accruals. The capital expenditure was directed towards procurement and commissioning of additional recycling infrastructure, enhancing the processing strength of the facility.
With this addition, Gravita India’s overall installed recycling capacity has reached 4,25,959 MTPA after the expansion. The development aligns with the company’s long-term strategy to expand its recycling footprint and cater to growing domestic as well as international demand for sustainable lead products.
The Mundra facility holds a strategic advantage due to its proximity to the port, which enables efficient sourcing of raw materials and smoother access to global export markets. The increased capacity is expected to support operational efficiencies and improve logistics management, particularly for overseas shipments.
Over the past three decades, Gravita India has built a global presence across more than 70 countries and operates 13 eco-conscious manufacturing facilities worldwide. The company functions across six business verticals, with recycling remaining its core focus. The latest expansion underscores its continued emphasis on circular economy principles and sustainable industrial growth, a factor that appears to have boosted investor sentiment, leading to the sharp rise in its share price.