The planned capacity will be added in phases and is expected to be commissioned by March 31, 2029. The investment will be funded through internal accruals, the company said.
The proposed plant will primarily process copper-bearing recyclable materials to recover copper and other valuable materials through the company’s recycling capabilities.
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Gravita said the capacity addition will also serve as a backward integration initiative for its proposed Mandvi plant in Gujarat. It is expected to strengthen raw material sourcing and processing capabilities and improve operational integration across its copper recycling value chain.
The company said the expansion is aimed at strengthening its presence in the non-ferrous metal recycling segment, increasing its overall recycling capacity and catering to demand for recycled copper across domestic and international markets.
The Mundra facility’s location near one of India’s major ports provides logistical advantages for sourcing raw materials and serving domestic and international markets, Gravita said.
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The company said the planned capacity addition is part of its long-term strategy to expand its presence in copper recycling, increase non-ferrous metal recycling capacity, cater to demand for recycled copper and strengthen its position in the global circular economy.
Shares of Gravita India Limited ended at ₹1,793.00, down by ₹21.90, or 1.21%, on the BSE.
