Gravita India Ltd (GRAI.NS) announced its entry into the copper recycling business and confirmed the acquisition of Rashtriya Metal Industries Ltd for ₹5.65 billion. This strategic move strengthens Gravita’s position in the metals recycling sector, diversifies its portfolio, and aligns with India’s sustainability-driven industrial growth.
Strategic Expansion:
Gravita India is entering the copper recycling segment, expanding beyond its established presence in lead and aluminum recycling.
Acquisition Deal:
The company will acquire Rashtriya Metal Industries Ltd for ₹5.65 billion, enhancing its operational scale and market reach.
Sustainability Focus:
Copper recycling supports India’s circular economy goals, reducing dependence on imports and promoting eco-friendly industrial practices.
Growth Outlook:
The acquisition positions Gravita to capture rising demand in automotive, electrical, and infrastructure sectors, boosting investor confidence and long-term growth prospects.
Why It Matters
This move underscores Gravita India’s commitment to diversification and sustainability, reinforcing its role as a leader in the recycling industry. By entering copper recycling and acquiring Rashtriya Metal Industries, Gravita strengthens its competitive edge in India’s fast-evolving metals market.
Sources: Reuters (RTRS), BSE Corporate Filing, Economic Times