Gravita India has signed a contract with Amara Raja Batteries for Lead Acid Battery Scrap Collection and Recycling arrangements. Under this contract Gravita shall collect/purchase Lead Acid Battery scrap from designated locations of Amara Raja. It is a joint initiative towards environment protection and sustainability under which used batteries shall be recycled and Pure Lead/Lead Alloys will be supplied back to Amara Raja.
Gravita targets supply of approximately 8000 MT of Lead to Amara Raja under the said contract which will help the company to strengthen its top line in FY 2018?19 coupled with cost effective recycling and long term business association with Amara Raja. The supplies under this contract will be effected during FY 2018?19.
Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.
| Company Name | CMP |
|---|---|
| Hindalco | 1058.60 |
| Vedanta | 316.45 |
| Hindustan Zinc | 619.75 |
| Jain Resource Recycl | 460.95 |
| Gravita India | 1785.25 |
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