Business Update6 Mar 2024, 07:11 pm
Gravita India Limited Expands Capacity of Tanzania Plant
AI Summary
Gravita India Limited, a leading recycling company, has increased the capacity of its existing recycling unit in Tanzania by 5,000 MTPA, bringing the total capacity to 12,000 MTPA. The investment of Rs 3.33 Cr was funded through internal accruals. The expansion will cater to the needs of the battery industry globally and support the establishment of a circular economy in the global recycling market.,
Key Highlights
- Increased capacity of Tanzania plant
- Total capacity now at 12,000 MTPA
- Investment of Rs 3.33 Cr funded through internal accruals
- Expansion to cater to global battery industry needs
- Supporting circular economy in recycling market