Horizon Reclaim (India) Ltd has commissioned its new Rajkot (Unit II) Pyrolysis Oil facility. This expansion is part of a plan to grow total capacity to 86,800 MTPA and marks the company's entry into the waste-to-energy market.
Horizon Reclaim Commissions Rajkot Unit II, Expands Capacity
Horizon Reclaim (India) Ltd has announced the commissioning of its Rajkot (Unit II) Pyrolysis Oil facility, a significant step in its growth strategy. The company has also made substantial progress in debt management and capital expansion. ## What just happened The company's Rajkot (Unit II) facility, which uses pyrolysis to convert waste tyres into Pyrolysis Oil, Carbon Char, and Steel Scrap, is now operational. Horizon Reclaim reported its first commercial sales from this facility on July 20, 2026. The company has also repaid or prepaid ₹26.70 crore of debt. ## Why this matters This commissioning marks Horizon Reclaim's entry into the waste-to-energy market segment and signifies a new growth phase. The expansion is crucial for achieving its target of increasing total capacity from 14,100 MTPA to 86,800 MTPA. ## The backstory HJorizon Reclaim (India) Ltd, which successfully listed on the BSE SME Platform in June 2026, operates with a circular economy model. Currently, it has Unit I (14,100 MTPA), the newly commissioned Unit II in Rajkot (36,000 MTPA), and Unit III in Bhagwanpur (9,600 MTPA). ## What changes now With the Rajkot facility operational, the company will focus on ramping up its production. Total capacity is projected to reach 86,800 MTPA upon completion of ongoing expansions. The company also invested ₹9.43 crore from its IPO proceeds in plant and machinery, and has reduced debt. ## Risks to watch Investors will be keen to observe the ramp-up of production at the new Rajkot facility and the efficiency of reaching the targeted 86,800 MTPA capacity. Monitoring international market expansion efforts will also be important. ## Peer comparison Horizon Reclaim operates in the waste management and recycling sector, with a focus on converting waste tyres into valuable resources. Its circular economy approach and waste-to-energy segment entry position it within a growing environmental solutions space. ## Context metrics Capital Work-in-Progress (CWIP) significantly increased from ₹3.56 crore in FY25 to ₹36.20 crore in FY26. Total operational capacity is set to grow from 14,100 MTPA to 86,800 MTPA. ## What to track next Investors should monitor the production ramp-up at the Rajkot facility, the implementation of the ERP system, and any developments regarding international market expansion. Debt levels and financing costs will also be key indicators.
