By: ICN Bureau
Last updated : March 07, 2024 1:24 pm
The existing capacity of said unit for battery recycling has been increased by 5,000 MTPA
Gravita India Limited (Gravita), a leading Recycling Company having its manufacturing presence around the globe, has announced that Gravita Tanzania Limited, a step down wholly owned subsidiary of the company has increased capacity of its existing recycling unit situated at Tanzania.
The existing capacity of said unit for battery recycling has been increased by 5,000 MTPA bringing the total capacity of battery recycling of this unit to 12,000 MTPA.
With this expansion the total capacity of Gravita Group has reached to 2,90,859 MTPA which is in line with company's target to reach 4,25,000 MTPA by FY 2026.
The production from said plant will cater to the needs of battery industry globally and support the establishment of a circular economy in the global recycling market.
The investment in the said capacity expansion is approx. Rs 3.33 crore which has been funded through internal accruals of the company.
Gravita is a leading recycling company with 12 eco-conscious state-of-the-art manufacturing facilities across the globe.