According to reports from CNBC TV18 and Business Upturn, Gravita India Ltd announced plans to add 59,200 metric tonnes per annum (MTPA) of copper recycling capacity at its existing facility in Mundra, Gujarat. The expansion will require an estimated ₹64 crore capital expenditure and will be funded through internal accruals. The planned capacity will be added in phases and is expected to be commissioned by March 31, 2029. As per the company's disclosure filed with stock exchanges on August 19, 2026, this 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.
As reported by CNBC TV18 and Business Upturn, the capacity addition will serve as a backward integration initiative for the company's proposed Mandvi plant in Gujarat. The expansion is expected to strengthen raw material sourcing and processing capabilities and improve operational integration across the copper recycling value chain. The proposed plant will primarily process copper-bearing recyclable materials to recover copper and other valuable materials through the company's recycling capabilities. According to the company's disclosure, this move aims to create greater operational integration across the copper recycling value chain, enhancing the company's ability to source and process raw materials more efficiently.
According to the company's statement reported by CNBC TV18 and Business Upturn, the expansion is aimed at strengthening Gravita India's presence in the non-ferrous metal recycling segment, increasing overall recycling capacity, and catering to demand for recycled copper across domestic and international markets. The Mundra facility's location near one of India's major ports provides logistical advantages for sourcing raw materials and serving domestic and international markets. The company highlighted the growing demand for sustainable copper products as a key driver for this expansion, positioning the new capacity to meet the increasing market demand for environmentally friendly copper solutions. The plant's strategic location at Mundra offers significant logistical advantages due to its proximity to one of India's major ports, enabling efficient raw material sourcing and market distribution both domestically and internationally.
As reported by CNBC TV18 and Business Upturn, the planned capacity addition is part of the company's long-term strategy to expand its presence in copper recycling, increase non-ferrous metal recycling capacity, cater to demand for recycled copper, and strengthen its position in the global circular economy. The company disclosed that this capacity addition aligns with Gravita India's overarching growth strategy, which includes expanding its presence in the copper recycling segment, increasing overall non-ferrous metal recycling capacity, catering to growing demand for recycled copper, and strengthening its position in the global circular economy. The investment of approximately ₹64 crore will be financed entirely through internal accruals, indicating no immediate dilution or external debt requirement for this specific capex outlay. The expansion underscores Gravita's commitment to expanding its footprint within the copper recycling sector as part of its comprehensive recycling operations covering lead, aluminium, copper, rubber, plastics, and lithium materials.
