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2026-05-11 04:56:07 pm | Source: Accord Fintech
Gravita India moves up on planning to establish copper recycling plant in Gujarat
Gravita India moves up on planning to establish copper recycling plant in Gujarat

Gravita India is currently trading at Rs. 1773.55, up by 10.10 points or 0.57% from its previous closing of Rs. 1763.45 on the BSE.

The scrip opened at Rs. 1740.75 and has touched a high and low of Rs. 1818.10 and Rs. 1736.60 respectively. So far 61154 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2169.90 on 19-May-2025 and a 52 week low of Rs. 1267.00 on 02-Apr-2026.

Last one week high and low of the scrip stood at Rs. 1844.80 and Rs. 1473.60 respectively. The current market cap of the company is Rs. 13235.70 crore.

The promoters holding in the company stood at 55.88%, while Institutions and Non-Institutions held 19.07% and 25.04% respectively.

Gravita India is all set to establish a Copper Recycling plant in Mandvi, Gujarat. This initiative aligns with the company’s strategy to expand value-added recycling capacities and strengthen its contribution to the circular economy. The capital expenditure is around Rs 160 crore. The project is located in Mandvi, Gujarat, strategically chosen for strong infrastructure and logistics access, with an installed capacity of around 29,400 MTPA.

The facility will deploy advanced and efficient recycling technologies to ensure high metal recovery, consistent product quality, and compliance with environmental standards. Commercial operations are expected to commence within the next 12 months. The copper recycling plant is aimed at expanding the company’s non-ferrous metal recycling portfolio, enhancing value addition and vertical integration in the metals segment, meeting the growing domestic and export demand for recycled copper, and supporting sustainable and environmentally responsible manufacturing.

The proposed copper recycling plant at Mandvi is a strategic step aligned with its long-term vision of expanding recycling capacities. The plant will strengthen its non-ferrous portfolio while reinforcing its commitment to sustainable resource utilization and long-term stakeholder value creation.

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