Gravita India Expands Lead Recycling Plant in Jaipur

Gravita India is expanding its lead recycling capacity by approximately 42,000 tonnes per year at its Phagi, Jaipur facility. The project requires a ₹30 Crore investment, funded by internal cash, and aims to meet increasing demand for sustainable lead. The expansion is planned for completion by the end of June 2026.

Project Details

Gravita India Ltd announced it will add roughly 42,000 tonnes per year to its existing lead recycling capacity at the Phagi, Jaipur plant. This expansion is expected to cost ₹30 Crore, with funding coming from the company's own cash reserves. The project is scheduled to be finished by June 2026.

Strategic Importance

This expansion is a key step for Gravita India, reinforcing its position in the recycling industry. It addresses the growing worldwide and domestic need for lead produced sustainably, which is essential for industries like battery manufacturing.

Company Background

Gravita India operates as a key player in the global circular economy, recycling materials such as lead, plastic, aluminum, and copper. The company runs many recycling facilities both in India and internationally. Gravita has recently been focused on expanding its capacities in stages, including a lead-acid battery recycling expansion in Nepal announced in December 2023.

Impact on Investors

Shareholders may see improved operational scale and potential for higher revenues from the increased recycling output. The company further solidifies its role as a major supplier of recycled lead for battery makers. Gravita's use of internal funds for this expansion suggests strong cash flow generation.

Industry Context

Gravita India's focus on lead recycling supports the growth plans of major battery manufacturers like Exide Industries and Amara Raja Energy & Mobility. While Exide and Amara Raja are increasing battery production, Gravita's capacity expansion helps ensure a more stable, domestic supply of lead, the main raw material.

Financial Snapshot

Gravita India reported total revenue of ₹4,027.4 Crore for FY23–FY24 (Consolidated). The company's Profit After Tax for the same period was ₹344.1 Crore (Consolidated).

Looking Ahead

Investors will be watching the project's completion by the June 2026 deadline. They will also track how efficiently the new capacity is used and Gravita's ability to secure enough scrap lead for its operations. Market reactions to the increased recycled lead supply and its pricing will also be important.