December 16, 2021: Indian recycling firm Gravita on December 13 said it had opened a new battery recycling plant at Mundra Port in the Indian state of Gujarat.
The company said it had ‘announced operationalization of its new battery recycling unit’ at the port, which was strategically located and equipped with the latest technology and automated processes.
In its first phase, after an investment of Rs32 crore ($4.2 million), it will produce 19,500 tonnes of lead a year, the company said. Ultimately the plant will produce 48,000 tonnes a year.
“Gravita is expecting an increase in its share of higher-margin business from the key overseas market across the lead, aluminium and plastic recycling segments,” the firm said. “Closer proximity to the port will increase the efficiency of operations.
“This will result in the optimization of logistics costs coupled with a reduction in the working capital cycle of the company.”
Gravita is also to increase its lead recycling operations in Ghana, analytics firm and data provider, Davis Index, reported on December 6. Its subsidiary Recyclers Ghana plans to increase the production capacity of its lead recycling plant from 12,000 tonnes a year to 16,200 tonnes, it said.