Gravita India Limited Increases Capacity of its Existing Recycling Unit Situated At Chittoor, Andhra Pradesh
August 16, 2021 at 12:52 pm IST
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Gravita India Limited informed that company has increased capacity of its existing recycling unit situated at Chittoor, Andhra Pradesh. The existing capacity of said unit of lead recycling has been increased by 10,200 MTPA and as on date the total capacity of this unit for lead recycling is 38,200 MTPA. The production from said plant will cater the needs of domestic as well as international customers. The investment in the said capacity expansion is approx. INR 10.00 million which is invested from internal accruals of the company and all the equipment's are designed and developed in the company's in house project division by using its technology. The company is expecting revenue of approx INR 1,500.00 million in a year from this additional capacity.
Gravita India Limited is engaged in lead processing, aluminum processing, trading lead products and aluminum scrap, and dealing in turn-key lead recycling projects. The Company's segments include Lead processing, Aluminum processing, Turn-key solutions, and Plastic manufacturing. Its Lead processing segment includes smelting of lead battery scrap / lead concentrate to produce secondary lead metal, which is further transformed into pure lead, specific lead alloy, lead oxides, including lead sub-oxide, red lead and litharge, and lead products, such as lead sheets, lead powder, lead shot and others. Its Aluminum processing segment includes trading of taint tabor and tense aluminum scraps, and manufacturing of alloys from melting of aluminum scrap. Its Turn-key solution segment includes a complete supply of plant and machinery related to lead manufacturing plants. It globally operates in Ghana, Senegal, Mozambique, Tanzania, Sri Lanka, Nicaragua, and Singapore.