Gravita India adds 59,200 MTPA copper recycling capacity at Mundra
Gravita India Limited has announced plans to add 59,200 MTPA of copper recycling capacity at its Mundra, Gujarat facility. The project involves an investment of approximately ₹64 crore, funded through internal accruals, with phased commissioning targeted by March 31, 2029. This expansion supports backward integration for the proposed Mandvi plant, enhancing operational efficiency in the non-ferrous metal recycling segment.
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Gravita India Limited plans to add 59,200 MTPA of copper recycling capacity at its existing facility in Mundra, Gujarat. The expansion represents a fresh capacity addition for the metal recycling segment, aimed at strengthening the company's recycling capabilities to meet growing domestic and international demand for sustainable copper products. The company disclosed the move in a filing with stock exchanges on August 19, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project details
The investment required for this capacity addition is approximately ₹64 crore, to be financed entirely through internal accruals, indicating no immediate dilution or external debt requirement for this specific capex outlay. The proposed capacity addition is expected to be commissioned in phases by March 31, 2029.
| Particulars | Details |
|---|---|
| Proposed capacity addition | 59,200 MTPA |
| Investment required | ₹64 crore (approx.) |
| Mode of financing | Internal accruals |
| Commissioning timeline | Phased commissioning by March 31, 2029 |
| Location | Mundra, Gujarat |
Strategic rationale
According to the disclosure, this capacity addition aligns with Gravita India's long-term strategy to enhance its recycling infrastructure. The company highlighted the growing demand for sustainable copper products as a key driver for this expansion. As this is a fresh capacity addition for copper recycling, existing capacity and utilization metrics for this specific segment were not applicable.
Crucially, the new capacity will serve as a backward integration initiative for the company's proposed Mandvi plant in Gujarat. This move aims to strengthen raw material sourcing and processing capabilities, creating greater operational integration across the copper recycling value chain. The Mundra facility's strategic location near a major port provides logistical advantages for sourcing raw materials and serving both domestic and international markets.
The filing was signed by Nitin Gupta, Company Secretary, and submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. on August 19, 2026.
Historical Stock Returns for Gravita India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.16% | +0.48% | -0.91% | +10.72% | +3.00% | +800.60% |
How will the phased commissioning of the Mundra facility by March 2029 impact Gravita India's short-term revenue growth and cash flow projections?
What specific synergies are expected between the new Mundra copper recycling unit and the proposed Mandvi plant to enhance overall operational efficiency?
Given the reliance on internal accrals for the ₹64 crore investment, how might this capex affect the company's dividend policy or future funding for other strategic initiatives?
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