Corporate News     13-Dec-21
Gravita commences operations of new Battery recycling unit at Mundra
Gravita announced operationalization of its new Battery recycling unit at Mundra Port, Gujarat. In Phase-I, 19,500 MTPA plant is strategically located at the Mundra Port and is equipped with state-of-the-art facility facilities including latest technology and automated processes.

The Company has incurred capital expenditure of Rs 32 crore for setting up of the Phase-I of the facility for which Rs. 26 crore has been funded through external borrowings and remaining by internal accruals. Going forward, company has plans to incur additional capital expenditure of Rs 30 Cr on this facility so as to increase the capacity of this plant from 19,500 MTPA to 48,000 MTPA

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