Gravita India Plans ₹64 Crore Copper Recycling Plant in Mundra, Gujarat
Gravita India plans to set up a 59,200 MTPA copper recycling plant in Mundra, Gujarat, with a capital expenditure of approximately ₹64 crore. The project will be funded through internal accruals and is expected to be commissioned in phases by March 31, 2029.
The expansion represents a significant capital expenditure and capacity addition, which is likely to have a medium-term impact on the company's revenue and market position in the non-ferrous metal recycling segment.
The company is expanding its capacity, which is a positive development indicating growth and strategic investment.
Gravita India Limited has announced plans to establish a new copper recycling plant at its facility in Mundra, Gujarat. This expansion will add a capacity of 59,200 Metric Tonnes Per Annum (MTPA) of copper recycling, to be implemented in phases.
The project involves a capital expenditure of approximately ₹64 crore and will be funded through internal accruals. The new capacity is primarily aimed at processing copper-bearing recyclable materials to recover copper and other valuable resources. This initiative also serves as a backward integration for the proposed Mandvi plant in Gujarat, enhancing raw material sourcing and processing capabilities within the company's copper recycling value chain.
The company expects the new capacity to be commissioned in phases by March 31, 2029. This expansion aligns with Gravita's strategy to bolster its non-ferrous metal recycling segment and capitalize on the increasing demand for recycled copper globally. The Mundra facility's strategic location near a major port offers logistical advantages for both raw material sourcing and market distribution.
Gravita aims to strengthen its presence in copper recycling, increase its overall non-ferrous metal recycling capacity, meet growing demand for recycled copper, and enhance its position in the global circular economy.
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