One of India’s largest lead manufacturers and exporters, Gravita India, has signed a deal with Amara Raja, one of the country’s largest lead battery manufacturers, the company announced on May 22.
Gravita is to collect and buy lead acid battery scrap from designated Amara Raja sites, process the materials into lead and lead alloys and then supply them back to Amara Raja.
The two called the deal a joint initiative towards environment protection and sustainability. Gravita’s share price rose by 4% on the news.
The contract says Gravita will aim to supply 8,000 tonnes of lead a year.
Gravita says it has the capacity to recycle and process 50,000 tonnes of lead and aluminium a year. It also supplies lead recycling technology.