Image Source: Nature
Eco Recycling Ltd (Ecoreco), India’s pioneering e-waste management company, has expanded its total recycling capacity to 31,200 metric tonnes per annum (MTPA), reinforcing its leadership in sustainable waste processing. The latest capacity addition includes a significant boost to lithium-ion battery recycling, supported by advanced technology from C-MET under MeitY.
Key Highlights:
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Ecoreco added 18,000 MTPA in February 2024, bringing total capacity to 31,200 MTPA across e-waste and battery recycling.
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The company now recovers critical elements like cobalt, nickel, and manganese domestically, reducing reliance on black mass exports.
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Strategic tie-up with C-MET enables efficient extraction of battery metals, aligning with India’s self-reliance and circular economy goals.
Strategic Context:
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Ecoreco’s expanded footprint supports the government’s Critical Mineral Mission and Extended Producer Responsibility (EPR) mandates.
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The company’s “Recycling on Wheels Smart-ER” initiative, backed by ₹6 crore from TDB-DST, promotes safe and mobile e-waste collection.
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Ecoreco is the only BSE-listed firm in this segment, serving over 120 countries with technologies sourced from the US, Europe, and Japan.
Market Outlook:
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With zero debt and a 30.4% ROE, Ecoreco is well-positioned to capitalize on rising demand for sustainable recycling solutions.
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Analysts expect further upside from PLI-linked mineral recovery, growing EPR credits, and strategic global partnerships.
Sources: Angel One, Screener.in, Eco Recycling Investor Presentation, Corporate Filings, Hydrocarbon Processing (July 2025)
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