Gravita India’s shares surged 2% after the company announced the commencement of commercial production of recycled aluminum alloys at its new facility in Ghana, West Africa. Operated by its subsidiary, Recyclers Ghana Limited, the plant has an initial annual capacity of 4,000 metric tonnes, with plans to double it in subsequent phases.
The ₹6.75 crore investment in the recycling plant will serve industries across Europe and Asia, focusing on automotive and die-casting sectors. This move aligns with Gravita’s strategy to expand its global footprint, replicating its operations across multiple geographies.
Gravita India shares opened at ₹2,189.40, with a high of ₹2,234.40 and a low of ₹2,185.55. The stock has a 52-week high of ₹2,700.00 and a 52-week low of ₹730.00, showing considerable price movement over the past year.
As of 9:38 AM, Gravita India shares were trading 2.47% higher at Rs 2,231.05.
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