Gravita India’s step down subsidiary -- Gravita Tanzania has started commercial production of Lead from its new plant with an annual capacity of around 3000 MTPA. Gravita Tanzania is first Export Oriented Recycling Plant in Tanzania. The Group has made an investment of approximately Rs 9.50 crore for procuring and commissioning of this new recycling plant, which is invested from internal accruals of the company. Furthermore, the company plans to start recycling of Aluminum also from this plant in the future with a capacity of 6000 MTPA.
The production from the plant will cater to the needs of diversified Lead dealers and industries globally and will also create an impactful presence of the company in the global lead market, as well as prove to be beneficial to local industries in Tanzania. The company is expecting revenue of approximately Rs 30 crore coupled with gross margins of around 18% from this Lead Recycling Plant during FY 2019- 20.
Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.
