Gravita India shines as its step down arm starts commercial production, recycling of waste rubber

Gravita India Ltd. | Metal - Non Ferrous | Metals & Mining | BSE: 533282 | NSE: GRAVITA

13 May 2022 Evaluate

Gravita India is currently trading at Rs. 275.00, up by 4.75 points or 1.76% from its previous closing of Rs. 270.25 on the BSE.

The scrip opened at Rs. 282.00 and has touched a high and low of Rs. 282.00 and Rs. 261.10 respectively. So far 1159 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 398.20 on 03-Feb-2022 and a 52 week low of Rs. 100.00 on 07-Jun-2021.

Last one week high and low of the scrip stood at Rs. 304.00 and Rs. 261.10 respectively. The current market cap of the company is Rs. 1865.75 crore.

The promoters holding in the company stood at 73.00%, while Institutions and Non-Institutions held 1.36% and 25.64% respectively.

Gravita India’s step down subsidiary -- Recyclers Ghana has started commercial production and recycling of waste rubber with an annual capacity of around 6,000 MTPA. The Company has incurred capital expenditure of Rs 3.80 crore for setting up of the facility which has been funded through internal accruals.

This new recycling plant will help Recycler Ghana Limited to reduce its cost of production coupled with reduction in carbon footprints as pyrolysis oil generated during the rubber recycling process will be used by the company for in-house consumption as an alternative source of energy for recycling of Lead and Aluminum scrap.

This diversification is in line with Gravita group's vision and it will also open new business opportunity for the group in the field of waste Rubber recycling. Going forward, the company has plans to establish similar rubber recycling facilities at its other manufacturing locations also.

Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling

Gravita India Share Price

1671.10 42.05 (2.58%)

04-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Hindalco	1042.60
Vedanta	294.80
Hindustan Zinc	605.45
Jain Resource Recycl	468.15
Gravita India	1671.10
View more..

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