Gravita India’s step down subsidiary--- Recycler Ghana has started commercial production of Lead from its new plant situated at Ghana, West Africa, having a capacity of around 6000 MTPA. The company has plans to increase the capacity of said plant by adding further capacity of 6000 MTPA which is expected to be completed by July 2019 and after that addition the overall capacity of said plant will be 12000 MTPA.
The Group has decided to make investment of approximately Rs 21 crore for establishment of this New Recycling Plant having capacity of 12000 MTPA out of which approximately Rs 18 crore has already been invested from internal accruals of the company.
The production from the Ghana plant will provide strategic advantage to the company to cater to the European and US Market. This plant will help the company to save the logistics cost which will reduce the working capital cycle of the company resulting in better margins. The company is expecting revenue of approximately Rs 110 crore from this Lead Recycling Plant during financial year 2019-20.
Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.
