Key Project Details
- Project Type: Copper recycling plant establishment
- Location: Mundra, Gujarat
- Capacity Addition: 59,200 Metric Tonnes Per Annum (MTPA) of copper recycling capacity
- Implementation: Phased manner
- Capital Expenditure: Approximately ₹64.00 crores
- Funding Source: Internal accruals
- Expected Commissioning: By March 31, 2029
Operational and Strategic Details
The new copper recycling capacity will process copper-bearing recyclable materials to recover copper and other valuable materials through recycling capabilities. The project serves as a backward integration initiative for the proposed Mandvi plant in Gujarat, strengthening the company's raw material sourcing and processing capabilities while creating greater operational integration across its copper recycling value chain.
Strategic Significance
The capacity addition aligns with Gravita's long-term growth strategy of:
- Expanding presence in the copper recycling segment
- Increasing overall non-ferrous metal recycling capacity
- Catering to growing demand for recycled copper
- Strengthening position in the global circular economy
Facility Advantages
The Mundra facility's strategic location in close proximity to one of India's major ports provides logistical advantages for sourcing raw materials and serving both domestic and international markets.
Company Background
Gravita India Limited is described as a leading global recycling company, and Gravita Group is identified as a global recycling group with operations across multiple recycling verticals including Lead, Aluminium, Copper, Rubber, Plastics, and Lithium.
Forward-Looking Statement Disclaimer
The press release contains forward-looking statements subject to risks and uncertainties including regulatory approvals, market conditions, and execution challenges.