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37 announcements match the current filters (relevance ≥ 5).
Gravita to Invest ₹64 Cr to Add 59,200 MTPA Copper Recycling Capacity at Mundra
Gravita India Limited has announced plans to add 59,200 MTPA of copper recycling capacity at its Mundra facility in Gujarat. The expansion entails an estimated capital expenditure of ₹64.00 crore, funded entirely through internal accruals (representing ~3.5% of its ₹1,847 crore net worth). The project will be commissioned in phases by March 31, 2029, providing backward integration for its proposed Mandvi plant and diversifying its non-ferrous recycling portfolio.
Confidence: HIGH
What changedGravita has formally committed to setting up 59,200 MTPA of copper recycling capacity at Mundra with a ₹64 crore capex outlay.
Why it mattersExpands Gravita's reach in the non-ferrous metal recycling sector and serves as backward integration for its proposed Mandvi plant, lowering input costs and broadening revenue beyond lead recycling.
Planned Capacity: 59,200 MTPAEstimated Capex: ₹64.00 croreCapex vs Net Worth: ~3.5%Commissioning Target: March 31, 2029
📅 Short termPositive sentiment booster showing disciplined, self-funded capital deployment into high-growth recycling verticals.
📈 Long termStrengthens Gravita's non-lead vertical contribution toward its long-term strategic targets while enhancing integrated supply chain logistics near the Mundra port.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution spread across a multi-year timeline until March 2029
- Volatility in copper scrap availability and LME price spreads
Key Highlights
Planned copper recycling capacity addition of 59,200 MTPA at Mundra, Gujarat
Estimated capital expenditure of approximately ₹64.00 crore
100% funded through internal accruals (no debt dilution)
Target commissioning in a phased manner by March 31, 2029
👀 What to Watch
Track statutory environmental clearance approvals and phase-wise commissioning updates for the Mundra copper plant over upcoming quarterly disclosures.
Gravita to Add 59,200 MTPA Copper Recycling Capacity at Mundra for Rs 64 Cr
Gravita India has announced plans to add 59,200 MTPA of fresh copper recycling capacity at its existing facility in Mundra, Gujarat. The proposed expansion entails an estimated capital investment of approx. Rs 64.00 crore, funded entirely via internal accruals (representing ~3.5% of net worth). The new capacity is scheduled to be commissioned in phases by March 31, 2029. This marks a strategic expansion into copper recycling to meet growing domestic and global demand for sustainable metals.
Confidence: HIGH
What changedGravita has approved the establishment of a new 59,200 MTPA copper recycling line at its Mundra facility.
Why it mattersBroadens Gravita's metal recycling capabilities beyond lead and aluminium into high-value copper recycling, enhancing product mix and revenue diversification.
Proposed Capacity Addition: 59,200 MTPAInvestment Required: Rs. 64.00 Crores (Approx.)Target Commissioning Date: March 31, 2029Capex as % of Net Worth: ~3.5%Mode of Financing: Internal accruals
📅 Short termPositive sentiment driver as the company enters an adjacent high-value recycling vertical with minimal balance sheet strain.
📈 Long termSupports Gravita's long-term strategy to expand non-lead verticals and capture growing global demand for circular and recycled copper.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Long execution horizon across phases until March 2029
- Scrap availability and copper price volatility
Key Highlights
Planned addition of 59,200 MTPA fresh copper recycling capacity at Mundra, Gujarat
Estimated project investment of Rs. 64.00 Crores (Approx.)
Funded 100% via internal accruals without external debt addition
Phased commissioning planned with final completion targeted by March 31, 2029
👀 What to Watch
Track milestone updates on environmental approvals, phase-wise commissioning dates, and scrap sourcing strategy for the copper segment.
Gravita Q1 FY27: Revenue up 42% to ₹1,475 Cr; VAP share rises to 63%
Gravita reported a robust Q1 FY27 with revenue growing 42% YoY to ₹1,475 Cr and PAT increasing 14% to ₹106.39 Cr. A significant milestone was achieved with the LME brand listing for lead produced at Mundra, which enhances global export credibility. The company expanded its Phagi facility by 40,500 MTPA for ₹30 Cr and is on track for a 29,400 MTPA copper facility in Gujarat. Management reiterated a ₹1,680 Cr capex plan through FY29 to reach 8 lakh MTPA capacity.
Confidence: HIGH
What changedGravita secured LME brand listing for its lead products and successfully commissioned a 40,500 MTPA expansion at its Phagi facility.
Why it mattersThe LME listing allows for global delivery and better pricing power, while the shift toward 63% VAP share reduces vulnerability to pure commodity price cycles.
Q1 FY27 Revenue: ₹1,475 CrQ1 FY27 PAT: ₹106.39 CrVAP Share of Revenue: 63%Total Capex through FY29: ₹1,680 CrPhagi Expansion Investment: ₹30 CrCopper EBITDA per ton: ₹55,151
📅 Short termThe stock may react positively to the 42% revenue growth and the prestigious LME accreditation which opens international markets.
📈 Long termThe company is structurally shifting from a lead-heavy recycler to a diversified player (Copper, Lithium-ion, Steel) with a target to double capacity by FY29.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- LME price volatility impacting margins
- Execution risk on the large ₹1,680 Cr capex plan
- Global competition for quality scrap
Key Highlights
Revenue grew 42% YoY to ₹1,475 Cr, driven by higher capacity utilization and copper segment contribution
Value-added products (VAP) contribution increased significantly to 63% of consolidated revenue
Total installed capacity reached 4.97 lakh MTPA, with a roadmap to exceed 8 lakh MTPA by FY29
Copper segment contributed ₹376 Cr in revenue during the quarter at 50% capacity utilization
ICRA upgraded the company's long-term credit rating from AA- to AA during the period
👀 What to Watch
Watch for the commissioning of the 29,400 MTPA copper recycling facility in Gujarat within the next 12 months and the margin trajectory as copper EBITDA per ton is targeted to reach ₹75,000.
42% Revenue Growth in Q1 FY27; Rs 561.8 Cr Copper Acquisition Announced
Gravita reported a strong Q1 FY27 with revenue growing 42% YoY to Rs 1,475 Cr, although PAT growth was more modest at 14% YoY (Rs 106.4 Cr). A major strategic milestone was the acquisition of a 99.44% stake in RMIL for Rs 561.84 Cr, marking a significant entry into copper recycling. The company also expanded its Phagi lead capacity by 40,500 MTPA and secured a prestigious LME brand listing for its Mundra plant. Management's 'Vision 2030' remains aggressive, targeting a 20-25% volume CAGR and increasing non-lead revenue contribution to 35-40%.
Confidence: HIGH
What changedGravita has formally entered the copper recycling segment through a large acquisition and significantly increased its domestic lead recycling capacity.
Why it mattersThe RMIL acquisition diversifies the revenue base away from lead, while the LME listing at Mundra enhances global deliverability and brand prestige, potentially improving long-term realizations.
Q1 FY27 Revenue: Rs 1,475 CrRMIL Acquisition Value: Rs 561.84 CrAcquisition vs Market Cap: ~5.4%Phagi Capacity Addition: 40,500 MTPAQ1 FY27 PAT Growth: 14% YoY
📅 Short termThe market is likely to react positively to the strong top-line growth and the strategic move into copper, though PAT growth lagging revenue may be scrutinized.
📈 Long termThe company is successfully transitioning from a lead-focused recycler to a multi-metal circular economy player with a clear roadmap to 8 Lakh+ MTPA capacity by FY29.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- LME price volatility impacting margins
- Integration risks of the RMIL acquisition
- Regulatory changes in hazardous waste management
Key Highlights
Revenue grew 42% YoY to Rs 1,475 Cr in Q1 FY27, while EBITDA rose 29% to Rs 144.54 Cr.
Acquired 99.44% stake in Rashtriya Metal Industries Limited (RMIL) for Rs 561.84 Cr, adding 31,200 MTPA copper capacity.
Expanded Phagi lead recycling capacity by 40,500 MTPA, bringing the total facility capacity to 75,819 MTPA.
Mundra plant received London Metal Exchange (LME) Brand Listing for lead metal under the brand 'GRAVITA M'.
Vision 2030 targets include 20-25% volume CAGR and 30-35% profitability growth.
👀 What to Watch
Monitor the margin profile as the company integrates the lower-margin copper business and ramps up the expanded Phagi capacity. Watch for the execution of the pilot lithium-ion battery recycling project mentioned in the outlook.
Gravita to Close Subsidiary Contributing 2.65% Revenue; Q1 Standalone PAT at ₹68.05 Cr
Gravita India reported flat Q1 FY27 standalone performance with a PAT of ₹68.05 Cr compared to ₹67.95 Cr in the previous year. The company announced the closure of its subsidiary, Gravita Metal Inc., effective August 1, 2026, to consolidate operations into its more efficient Jaipur facility. This subsidiary contributed ₹92.24 Cr (2.65%) to FY26 consolidated turnover but only 0.55% to PAT, suggesting a margin-accretive consolidation. Additionally, the company increased its stake in Rashtriya Metal Industries to 99.57% for ₹3.48 Cr.
Confidence: HIGH
What changedClosure of an underperforming subsidiary (Gravita Metal Inc.) and consolidation of its business into the Jaipur plant.
Why it mattersThe move is aimed at improving cost efficiencies by utilizing larger, more modern facilities; the financial impact of the closure is minimal relative to the group's total revenue.
Subsidiary Turnover (FY26): ₹92.24 CrSubsidiary Turnover vs TTM Revenue: 2.65%Q1 Standalone PAT: ₹68.05 CrRMIL Stake Increase Cost: ₹3.48 CrCustoms Demand Under Appeal: ₹70.10 Cr
📅 Short termEarnings are largely flat YoY, and the subsidiary closure is too small to significantly move the stock price in the immediate term.
📈 Long termConsolidation into efficient facilities aligns with the company's strategy to double capacity to 7 LTPA by FY28 and improve margins.
⚠ Risk flags
- Customs litigation of ₹70.10 Cr
- Flat YoY earnings growth in the standalone business
Key Highlights
Subsidiary Gravita Metal Inc. contributed ₹92.24 Cr (2.65%) to FY26 consolidated turnover.
Standalone Q1 FY27 PAT stood at ₹68.05 Cr, showing marginal growth from ₹67.95 Cr YoY.
Acquired additional 0.62% stake in Rashtriya Metal Industries Limited for ₹3.48 Cr.
Closure of Gravita Metal Inc. effective from August 1, 2026, for operational efficiency.
Contesting a customs demand of ₹70.10 Cr related to pre-import conditions from 2017-2019.
👀 What to Watch
Monitor the impact of operational consolidation on EBITDA margins in upcoming quarters and track the progress of the ₹70.10 Cr customs litigation.
Gravita Q1 Revenue at ₹860 Cr; Closes Subsidiary Contributing 2.65% of Turnover
Gravita India reported flat year-on-year standalone performance for Q1 FY27, with revenue at ₹860.13 Cr and PAT at ₹68.05 Cr. The company announced the closure of its subsidiary, Gravita Metal Inc., effective August 1, 2026, to consolidate operations into its more efficient Jaipur facility. This subsidiary contributed ₹92.24 Cr (2.65%) to the company's FY26 turnover. Additionally, Gravita increased its stake in Rashtriya Metal Industries to 99.57% through a ₹3.48 Cr investment.
Confidence: HIGH
What changedGravita reported its Q1 FY27 financial results and decided to shut down a minor subsidiary to optimize operational costs.
Why it mattersThe consolidation of manufacturing facilities is a step toward the company's goal of improving operational efficiency and EBITDA margins, which currently stand at 12.5%.
Q1 Standalone Revenue: ₹860.13 CrSubsidiary Turnover Contribution: 2.65%Customs Demand Risk: ₹70.10 CrRMIL Stake Increase Cost: ₹3.48 CrQ1 Standalone PAT: ₹68.05 Cr
📅 Short termThe stock is likely to remain neutral in the short term as earnings were largely flat and the subsidiary closure is a small-scale structural adjustment.
📈 Long termThe company's strategy to double capacity to 7 LTPA by FY28 and diversify into Lithium-ion and Steel recycling remains the primary long-term value driver.
⚠ Risk flags
- Unresolved customs demand of ₹70.10 Cr
- LME price volatility impacting margins
- Potential logistics bottlenecks for export-heavy operations
Key Highlights
Standalone Revenue for Q1 FY27 was ₹860.13 Cr, a marginal 1.1% increase over ₹850.78 Cr in Q1 FY26.
Subsidiary Gravita Metal Inc. to be closed; it accounted for 2.65% of turnover and 0.55% of PAT in FY26.
Standalone Profit After Tax (PAT) remained stable at ₹68.05 Cr compared to ₹67.95 Cr in the year-ago period.
Acquired an additional 0.62% stake in Rashtriya Metal Industries Limited for ₹3.48 Cr.
Ongoing legal contest against a ₹70.10 Cr customs demand related to pre-import conditions from 2017-2019.
👀 What to Watch
Watch for margin improvements in the coming quarters as the company consolidates operations from the closed subsidiary into its Jaipur plant. Monitor the progress of the ₹70.10 Cr customs appeal, as it represents approximately 23% of TTM PAT.
Rs 860 Cr Q1 Revenue; Gravita to Close Subsidiary for Operational Efficiency
Gravita India reported a flat Q1 FY27 with standalone revenue of Rs 860.13 Cr, representing a marginal 1.1% YoY growth but a 6% sequential decline from Q4 FY26. Standalone PAT stood at Rs 68.05 Cr, remaining nearly unchanged from the Rs 67.95 Cr reported in the same quarter last year. The company announced the closure of its subsidiary, Gravita Metal Inc., which contributed 2.65% to FY26 turnover, to consolidate operations at its more efficient Jaipur facility. Additionally, Gravita increased its stake in Rashtriya Metal Industries to 99.57% for a consideration of Rs 3.48 Cr.
Confidence: HIGH
What changedGravita reported its Q1 FY27 financial results and initiated the closure of a non-core subsidiary to centralize production in Jaipur.
Why it mattersThe flat YoY performance suggests a temporary plateau in growth, while the subsidiary closure indicates a management focus on cost optimization and resource utilization.
Q1 Standalone Revenue: Rs 860.13 CrQ1 Standalone PAT: Rs 68.05 CrSubsidiary Revenue Contribution (FY26): 2.65%RMIL Additional Stake Cost: Rs 3.48 CrCustoms Demand (Contested): Rs 70.10 Cr
📅 Short termThe stock is likely to remain range-bound in the short term due to the lack of significant growth in quarterly earnings and the relatively small scale of the subsidiary closure.
📈 Long termThe long-term outlook depends on the company's ability to execute its 'Vision 2028' of doubling capacity to 7 LTPA and diversifying into Lithium-ion and Steel recycling.
⚠ Risk flags
- Contingent liability of Rs 70.10 Cr for customs demand
- Sequential revenue decline of 6% compared to Q4 FY26
- LME price volatility impacting margins
Key Highlights
Standalone Revenue for Q1 FY27 reached Rs 860.13 Cr, a slight 1.1% increase over Q1 FY26's Rs 850.78 Cr.
Standalone Profit After Tax (PAT) remained stable at Rs 68.05 Cr compared to Rs 67.95 Cr in the previous year's corresponding quarter.
Closure of subsidiary Gravita Metal Inc. effective August 1, 2026; it contributed Rs 92.24 Cr (2.65%) to FY26 turnover.
Acquired an additional 0.62% stake in Rashtriya Metal Industries Limited for Rs 3.48 Cr, bringing total ownership to 99.57%.
Ongoing legal contest against a Rs 70.10 Cr customs demand regarding 'pre-import conditions' from 2017-2019.
👀 What to Watch
Monitor the impact of operational consolidation at the Jaipur facility on EBITDA margins in upcoming quarters. Investors should also track the resolution of the Rs 70.10 Cr customs dispute and the integration progress of Rashtriya Metal Industries.
Gravita Subsidiary Rashtriya Metal's Credit Rating Upgraded to IVR AA for Rs 295 Cr Facilities
Infomerics Valuation and Rating Ltd. has upgraded the credit ratings for Gravita India's material subsidiary, Rashtriya Metal Industries Limited. The upgrade applies to bank loan facilities totaling Rs 295.00 crore, with the long-term rating moving to IVR AA/Stable and the short-term rating to IVR A1+. Both ratings have been removed from 'watch with positive implications,' signaling improved financial stability and creditworthiness for the group.
Key Highlights
Long-term credit rating for Rashtriya Metal Industries upgraded to IVR AA with a Stable outlook.
Short-term credit rating upgraded to IVR A1+ for the material subsidiary.
The rating revision covers bank loan facilities amounting to Rs 295.00 crore.
Ratings were removed from 'watch with positive implications' following the upgrade.
The upgrade reflects the strengthening financial profile of Gravita India's material subsidiary.
👀 What to Watch
Investors should view this upgrade as a positive indicator of the company's improving financial health and potential for lower borrowing costs. Maintain a positive outlook on the stock as the credit profile of its material subsidiary strengthens.
Gravita India's Mundra Plant Receives Prestigious LME Brand Accreditation for Lead Metal
Gravita India Limited has secured the London Metal Exchange (LME) Brand Listing Certificate for lead metal produced at its Mundra, Gujarat plant. The product, branded as 'GRAVITA M', is now eligible for delivery at all LME-approved warehouses globally, significantly enhancing its international tradeability. This accreditation follows the company's existing empanelment with the Multi Commodity Exchange (MCX) for its Chittoor, Mundra, and Phagi facilities. The move is expected to bolster Gravita's global credibility and facilitate international business expansion in the recycling sector.
Key Highlights
Mundra plant received LME Brand Listing Certificate for lead metal under the brand name 'GRAVITA M'.
Lead metal is now eligible for delivery at all LME-approved warehouses worldwide.
Gravita joins a select group of Indian secondary lead smelters with LME approval.
Manufacturing facilities at Chittoor, Mundra, and Phagi are already empaneled with MCX in India.
The accreditation validates the company's adherence to global quality standards and operational excellence.
👀 What to Watch
Investors should view this as a significant operational milestone that enhances the company's export potential and global market standing. Monitor for improvements in international sales volumes and realizations in the coming quarters.
India Ratings Revises Gravita India's Outlook to Positive; Affirms IND AA- Rating
India Ratings and Research has revised the credit outlook for Gravita India Limited from 'Stable' to 'Positive' while affirming its long-term rating at 'IND AA-'. The revision applies to bank loan facilities totaling Rs. 150.00 crore. This change indicates the agency's expectation of continued improvement in the company's financial profile and credit metrics. A positive outlook is a significant precursor to a potential rating upgrade, which could lower future borrowing costs.
Key Highlights
Credit outlook revised from 'Stable' to 'Positive' by India Ratings and Research.
Long-term rating for Rs. 150.00 crore bank facilities affirmed at 'IND AA-'.
Short-term rating affirmed at 'IND A1+', indicating strong liquidity and debt-servicing capability.
The revision reflects strengthening creditworthiness and improved business stability.
👀 What to Watch
Investors should view this as a positive signal of the company's improving financial health and reduced credit risk. No immediate action is required, but the outlook upgrade supports a long-term bullish case for the stock.
Gravita India Credit Rating Upgraded to [ICRA]AA (Stable) for ₹1,000 Cr Limits
Gravita India Limited has received a credit rating upgrade from ICRA for its working capital facilities totaling ₹1,000 crore. The long-term rating has been revised upward from [ICRA]AA- (Stable) to [ICRA]AA (Stable), while the short-term rating was reaffirmed at the highest level of [ICRA]A1+. This upgrade signifies the company's improved creditworthiness and financial stability, potentially leading to lower borrowing costs for its recycling business operations.
Key Highlights
Long-term credit rating upgraded to [ICRA]AA (Stable) from [ICRA]AA- (Stable).
Short-term rating reaffirmed at [ICRA]A1+ for interchangeable fund/non-fund based limits.
The rating action covers a total instrument amount of ₹1,000 crore.
The upgrade includes an assignment for an enhanced amount, reflecting growing business scale.
The 'Stable' outlook indicates ICRA's expectation of maintained financial performance.
👀 What to Watch
Investors should view this upgrade as a positive signal of the company's strengthening balance sheet and reduced credit risk. It may lead to improved margins through lower interest expenses in the future.
Gravita India Expands Lead Recycling Capacity at Jaipur Unit by 40,500 MTPA
Gravita India Limited has successfully increased the lead recycling capacity at its existing facility in Phagi, Jaipur. The company added 40,500 MTPA to the unit, bringing the total lead recycling capacity at this location to 75,819 MTPA. This expansion represents a significant scale-up of operations, effectively more than doubling the previous capacity of approximately 35,319 MTPA. This move is expected to drive volume growth and strengthen the company's position in the recycling sector.
Key Highlights
Incremental capacity of 40,500 MTPA added to the Phagi, Jaipur recycling unit
Total lead recycling capacity at the Jaipur facility now stands at 75,819 MTPA
The expansion follows a prior intimation made by the company on May 8, 2026
Significant operational scale-up likely to impact revenue and volume growth in future quarters
👀 What to Watch
Investors should maintain a positive outlook as this capacity expansion provides clear visibility for volume growth. Monitor the company's upcoming quarterly results for improvements in operational efficiency and utilization of the new capacity.
India Ratings Affirms Gravita India's 'IND AA-' Rating with Stable Outlook
India Ratings has reaffirmed Gravita India's long-term rating at 'IND AA-' and short-term rating at 'IND A1+' for its ₹150 crore bank facilities. The rating reflects Gravita's strong global recycling footprint and robust financial performance, with FY26 revenue growing 10% to ₹42,653 million. The company maintains a healthy credit profile with a net leverage of 0.35x and interest coverage exceeding 17x. Future growth is supported by a planned ₹1,500 crore capex over the next 3-4 years to diversify into copper and lithium segments.
Key Highlights
Ratings affirmed at 'IND AA-/Stable/IND A1+' for ₹1,500 million bank loan facilities
FY26 consolidated revenue rose 10% YoY to ₹42,653 million with EBITDA margins improving to 10.2%
Financial health remains strong with net leverage at 0.35x and interest coverage at 17.0x
Planned capex of over ₹15,000 million over 3-4 years for expansion into new product verticals
Lead capacity expected to reach 4,55,000 MT by FY29 from 3,10,000 MT in FY26
👀 What to Watch
The rating affirmation confirms Gravita's strong balance sheet and operational efficiency, making it a stable pick in the recycling sector. Investors should monitor the execution of the ₹1,500 crore capex plan and its impact on future leverage.
Gravita India FY26 PAT Jumps 21% to ₹379 Cr; Capex Guidance Raised to ₹1,700 Cr
Gravita India reported a robust FY26 with a 21% YoY increase in PAT to ₹378.80 crores and a 10% revenue growth to ₹4,265 crores. The company has significantly expanded its strategic horizon by acquiring Rashtriya Metal Industries for ₹560 crores, marking a major entry into the copper recycling segment. Consequently, the five-year capex guidance has been revised upward to ₹1,700 crores to support new verticals including copper, lithium-ion, and steel. While Q4 margins faced temporary pressure from geopolitical tensions in West Asia, the company maintains a strong medium-term target of 8 lakh MTPA capacity by FY29.
Key Highlights
Consolidated PAT grew 21% YoY to ₹378.80 crores with a healthy PAT margin of 8.88%
Strategic acquisition of Rashtriya Metal Industries for ₹560 crores to diversify into copper recycling
Total capex guidance increased to ₹1,700 crores through FY29 to reach a capacity of 8 lakh MTPA
Value-added products now contribute 42% of total revenue, nearing the Vision 2029 target of 50%
Lead recycling capacity at Mundra expanded by 80,300 MTPA, bringing total capacity to 4.57 lakh MTPA
👀 What to Watch
Investors should monitor the integration of the copper business and the stabilization of the lithium-ion pilot plant as key growth drivers. The company remains a strong long-term play on the circular economy and the formalization of the recycling sector.
Gravita India to Expand Lead Recycling Capacity by 42,000 MTPA with ₹30 Cr Investment
Gravita India is significantly expanding its lead recycling capacity at its Phagi, Jaipur facility by adding 42,000 MTPA to its existing 35,319 MTPA. The project involves an investment of approximately ₹30 crores, which will be entirely funded through internal accruals, indicating strong cash flow. The expansion is expected to be completed by June 2026 to address the current near-full utilization of existing capacity. This move aligns with the company's strategy to meet rising domestic and international demand for sustainable lead products.
Key Highlights
Proposed capacity addition of 42,000 MTPA, more than doubling the current 35,319 MTPA at the Jaipur unit
Total investment of approximately ₹30.00 Crores to be financed through internal accruals
Projected completion and commissioning by the end of June 2026
Existing capacity is currently operating at near-full utilization levels
👀 What to Watch
Investors should view this as a strong growth signal as the company is doubling capacity at a key site without incurring debt. Monitor the execution timeline for completion by mid-2026 to gauge future revenue growth potential.
Gravita India to Set Up ₹160 Cr Copper Recycling Plant in Gujarat with 29,400 MTPA Capacity
Gravita India has announced a significant expansion into copper recycling with a new plant in Mandvi, Gujarat, involving a capital expenditure of approximately ₹160 crore. The facility will have an installed capacity of 29,400 MTPA and is expected to commence commercial operations within the next 12 months. Notably, the project will be funded entirely through internal accruals, indicating a strong balance sheet. This move diversifies the company's non-ferrous portfolio and is aimed at capturing high-margin value-added product segments.
Key Highlights
Planned capital expenditure of approximately ₹160 crore for the new facility
Total installed capacity of ~29,400 MTPA for copper recycling
Project to be fully funded through internal accruals without external debt
Commercial operations targeted to begin within a 12-month timeline
Strategic diversification into copper to enhance product mix and overall margins
👀 What to Watch
Investors should view this as a strong growth catalyst that expands Gravita's market reach beyond lead and aluminum. Monitor the project's execution over the next four quarters to ensure timely commissioning and capacity ramp-up.
Gravita India FY26 PAT Grows 21% to ₹239 Cr; Enters Copper Segment via ₹561.84 Cr Acquisition
Gravita India reported a strong FY26 performance with PAT increasing 21% YoY to ₹239 crore and revenue rising 10% to ₹3,068 crore. The company made a significant strategic move by acquiring a 99.44% stake in Rashtriya Metal Industries Limited (RMIL) for ₹561.84 crore, marking its entry into the copper and copper alloys recycling segment. Additionally, Gravita expanded its lead recycling capacity at Mundra to 1,45,100 MTPA and commissioned a new 6,000 MTPA lithium-ion battery recycling facility. The management remains committed to its Vision 2030, targeting a total capacity of over 800,000 MTPA by FY29.
Key Highlights
FY26 Revenue grew 10% YoY to ₹3,068 Cr and PAT increased 21% YoY to ₹239 Cr.
Acquired 99.44% stake in RMIL for ₹561.84 Cr, adding 31,200 MTPA copper recycling capacity.
Expanded Mundra lead recycling capacity by 80,300 MTPA to reach a total of 1,45,100 MTPA.
Commissioned a new 6,000 MTPA Lithium-ion battery recycling plant at Mundra.
Vision 2030 targets 8+ LTPA capacity by FY29 with a projected 25%+ ROIC and 30-35% profitability growth.
👀 What to Watch
Investors should monitor the integration of the RMIL acquisition, as the entry into copper and lithium recycling significantly diversifies the revenue base away from lead. The company's consistent ROIC of ~24% and aggressive expansion plans under Vision 2030 make it a strong growth play in the circular economy space.
Gravita India to Invest ₹160 Cr in New Copper Recycling Plant; Approves FY26 Results
Gravita India has announced a significant strategic expansion with the board approving a ₹160 crore capital expenditure for a new copper recycling plant in Mandvi, Gujarat. This facility is intended to diversify business operations and monetize existing land assets for long-term value. The company also finalized its audited financial results for the fiscal year ending March 31, 2026. Furthermore, the board approved the closure of a non-contributing subsidiary and appointed Deloitte as the new internal auditor, replacing PwC following the completion of their tenure.
Key Highlights
Approved a capital expenditure of approximately ₹160 crores for a new copper recycling plant in Gujarat.
Board approved audited standalone and consolidated financial results for the full year ended March 31, 2026.
Voluntary closure of subsidiary Recycling Infotech LLP, which had zero contribution to total turnover.
Appointment of Deloitte Touche Tohmatsu India LLP as Internal Auditor for FY 2026-27.
The expansion project focuses on strategic diversification and optimal utilization of existing land assets.
👀 What to Watch
Investors should view the ₹160 crore investment in copper recycling as a positive growth driver for diversification beyond lead recycling. Monitor the project's execution timeline and the upcoming detailed financial performance metrics for FY26.
Gravita India to Set Up ₹160 Cr Copper Plant; Appoints Deloitte as Internal Auditor
Gravita India has approved a significant capital expenditure of approximately ₹160 Crores to establish a new copper recycling plant in Mandvi, Gujarat, aimed at strategic diversification and land monetization. In a move to maintain high governance standards, the company appointed Deloitte Touche Tohmatsu India LLP as its new Internal Auditor for FY 2026-27, replacing PwC upon the completion of their tenure. Additionally, the board approved the voluntary closure of its non-operational subsidiary, Recycling Infotech LLP, which had zero revenue contribution. These announcements were made alongside the approval of the company's audited financial results for the fiscal year ended March 2026.
Key Highlights
Approved a Capex of approximately ₹160 Crores for a new Copper Recycling Plant in Mandvi, Gujarat.
Appointed Deloitte as the Internal Auditor for FY 2026-27, succeeding PwC after their tenure completion.
Initiated voluntary closure of subsidiary Recycling Infotech LLP, which had NIL turnover and net worth contribution.
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
The new copper plant is expected to create long-term shareholder value through strategic business diversification.
👀 What to Watch
Investors should view the ₹160 Cr expansion into copper recycling as a strong growth catalyst for diversification. The transition between top-tier internal auditors (PwC to Deloitte) signals continued commitment to robust corporate governance.
Gravita India to Invest ₹160 Cr in New Copper Recycling Plant; FY26 Results Approved
Gravita India has approved a significant capital expenditure of ₹160 crores to set up a new copper recycling plant in Mandvi, Gujarat, aimed at strategic diversification and land monetization. The company is also streamlining its corporate structure by voluntarily closing its inactive subsidiary, Recycling Infotech LLP, which had zero turnover contribution. In a move to maintain high governance standards, Deloitte has been appointed as the new internal auditor for FY 2026-27, succeeding PwC. These developments were announced alongside the approval of the audited financial results for the fiscal year ended March 31, 2026.
Key Highlights
Approved ₹160 crore Capex for a new Copper Recycling Plant in Mandvi, Gujarat
Voluntary closure of subsidiary Recycling Infotech LLP which had NIL turnover contribution
Appointment of Deloitte Touche Tohmatsu India LLP as Internal Auditor for FY 2026-27
Strategic diversification into copper recycling to utilize existing land assets and create long-term value
Audited financial results for Q4 and FY26 approved by the Board of Directors
👀 What to Watch
Investors should view the ₹160 crore expansion into copper recycling as a positive growth and diversification driver. The transition to Deloitte as an internal auditor reflects a commitment to strong corporate governance.
