Tag
Non-Ferrous Metals
5 articles
Gravita India is actively expanding its non-ferrous metals recycling capabilities, signaling a commitment to the circular economy and growing demand for sustainable materials. The company recently approved a ₹64 crore investment to establish a 59,200 MTPA copper recycling plant in Mundra, Gujarat, with phased commissioning expected by March 2029, and also approved a substantial ₹100 crore guarantee for a key subsidiary. While Poojawestern Metaliks experienced a decline in profitability despite revenue growth, highlighting challenges in exports and cost management, Gravita’s strategic investments suggest a focus on long-term growth and operational resilience within the sector, potentially benefiting from increasing environmental regulations and resource scarcity.
Gravita India Schedules Analyst Meeting on August 26
Gravita India intimates a one-on-one virtual meeting with Invisage Capital, Singapore, scheduled for August 26, 2026.
The disclosure is made pursuant to SEBI Listing Regulations (Regulation 30) to the
Poojawestern Metaliks FY26 Revenue Up 7% PAT Down 43%
Poojawestern Metaliks reported FY26 standalone revenue growth of 7.09% to ₹53.94 crore but PAT declined 43% to ₹88.61 lakh due to lower exports and fixed costs.
The company incorporated subsidiary Bra
Gravita India Approves ₹100 Crore Subsidiary Guarantee
Gravita India's Finance Committee approved providing corporate guarantee up to ₹100 crores for material subsidiary Rashtriya Metal Industries Limited.
The guarantee supports credit facilities of up to
Gravita India Sets Up 59,200 MTPA Copper Recycling Plant
Gravita India announces ₹64 crore copper recycling plant with 59,200 MTPA capacity at Mundra, Gujarat.
The capacity addition will be implemented in phases with expected commissioning by March 31, 2029
Gravita India Adds 59,200 MTPA Copper Recycling Capacity
Gravita India discloses planned copper recycling capacity addition of 59,200 MTPA at its Mundra, Gujarat unit under SEBI Regulation 30.
The company will invest approximately ₹64.00 crores funded throu