Eco Recycling Limited (Ecoreco) has disclosed an important policy development announced by the Government of India that is expected to create significant opportunities for the domestic recycling and critical mineral recovery industry.
The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, through Notification No. 49/2026-27 dated 10 November 2026, has amended the export policy for Lithium-ion Battery Black Mass under ITC (HS) Code 85491400 from 'Free' to 'Prohibited', with immediate effect and until further orders.
The Government's announcement, also published through a Press Information Bureau release dated 11 November 2026, aims to retain valuable critical minerals within India, strengthen domestic recycling and refining capabilities, improve capacity utilisation and reduce dependence on imported critical minerals.
This decision is part of the Government's broader National Critical Mineral Mission. The Union Cabinet had approved a ₹1,500 crore Incentive Scheme for Promotion of Critical Mineral Recycling under the Ministry of Mines to encourage investments in domestic recycling infrastructure and recovery of critical minerals from secondary sources including lithium-ion batteries, e-waste and industrial scrap.
Ecoreco has been declared eligible under this scheme by the Ministry of Mines, providing the Company an opportunity to participate in developing India's domestic critical mineral recovery capabilities.
The Company has over two decades of experience in organized e-waste management and resource recovery and operates a dedicated lithium-ion battery recycling facility with an installed processing capacity of 6,000 MTPA at its Vasai facility.
The policy developments are expected to create opportunities for Ecoreco through:
- Improved feedstock availability due to retention of black mass within India
- Higher capacity utilization of existing battery recycling infrastructure
- Enhanced value addition through recovery of lithium, cobalt, nickel and other critical minerals
- Improved financial prospects through better capacity utilization and higher-value material recovery
- Potential for investment and strategic partnerships due to government incentive framework
The Company expects these policy developments to contribute positively to its business prospects and financial performance, subject to feedstock availability, market conditions, regulatory requirements and successful execution of its business plans.
This disclosure is made in the interest of transparency and to keep shareholders informed of policy developments relevant to the Company's business and future growth opportunities.