Gravita India to Invest ₹640 Million for Mundra Copper Expansion

JAIPUR — Gravita India Limited announced on Wednesday, August 19, 2026, that it will invest approximately ₹64 crore (₹640 million) to establish a 59,200 metric tonnes per annum (MTPA) copper recycling capacity at its facility in Mundra, Gujarat. The capital expenditure initiative aims to expand the company’s non-ferrous recycling portfolio, enhance operational integration across its manufacturing supply chain, and supply recycled copper to meet growing domestic and global industrial demand.

The development aligns with Gravita India’s strategy to scale up non-ferrous metal recovery operations while expanding its presence in the circular economy segment.

Phased Project Execution and Financial Structure

According to official regulatory filings submitted to Indian stock exchanges, Gravita India will fund the proposed ₹64 crore capital outlay entirely through internal accruals.

The company plans to execute the 59,200 MTPA copper recycling capacity addition in a phased manner. The entire installation is scheduled to be commissioned in phases by March 31, 2029.

The new unit will process copper-bearing recyclable scrap materials, enabling Gravita India to recover high-value copper and adjacent industrial byproducts through modern refining procedures.

Operational Integration and Strategic Advantages

The planned Mundra copper expansion serves as a critical strategic asset within Gravita India's long-term manufacturing network in Western India.

The additional capacity will act as a direct backward integration initiative for the company's proposed plant at Mandvi in Gujarat. By establishing local scrap processing capabilities, the Mundra facility will secure steady raw material sourcing, standardize feedstocks, and lower overall logistics costs across its copper value chain.

Furthermore, the Mundra facility's proximity to major maritime trade hubs along the Gujarat coastline offers distinct advantages. The location simplifies the international import of secondary raw materials while streamlining export shipments of refined recycled copper to global markets.

Official Regulatory Statements

Gravita India disclosed details of the capital project in an official press release submitted to exchange desks by Company Secretary Nitin Gupta under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to company statements released in corporate filings:

"Gravita India Limited is pleased to announce its plans to add 59,200 Metric Tonnes Per Annum (MTPA) of copper recycling capacity at its Mundra, Gujarat facility... The planned 59,200 MTPA capacity addition will also serve as a backward integration initiative for the proposed Mandvi plant in Gujarat, strengthening the Company's raw material sourcing and processing capabilities."

Why It Matters

The capacity expansion enhances Gravita India’s operational resilience by diversifying its primary revenue base beyond lead recycling into high-demand non-ferrous metals. Copper plays a vital role in global decarbonization efforts, power distribution, electric vehicle manufacturing, and electronics assembly.

For commercial industrial consumers and institutional investors, Gravita India’s move to build local recycling scale provides secondary domestic supply chains for recycled copper, reducing reliance on primary refined copper imports.

Key Facts at a Glance

• Investment Scale: Gravita India commits ₹64 crore (₹640 million) funded through internal accruals.

• Capacity Increase: Adds 59,200 MTPA of copper recycling capacity at Mundra, Gujarat.

• Project Timeline: Scheduled for phased completion by March 31, 2029.

• Supply Chain Link: Serves as backward integration for Gravita's upcoming Mandvi plant.

• Product Scope: Focuses on processing secondary copper scrap into refined materials.

Frequently Asked Questions

What is the project cost for Gravita India’s copper expansion in Mundra?

Gravita India plans to invest approximately ₹64 crore (₹640 million), which will be funded internally without external debt.

When will the Mundra copper recycling plant become operational?

The planned 59,200 MTPA capacity addition will be commissioned in phases, with full implementation target set for March 31, 2029.

How does this expansion support Gravita India's existing business?

The unit provides copper recycling capabilities, diversifies the group's non-ferrous portfolio, and acts as a backward integration feedstock source for the company's Mandvi unit.

Source: Official regulatory disclosures and press releases filed with the National Stock Exchange of India Ltd. and BSE Limited by Gravita India Limited.