November 1, 2023: Formal lead recycling in India is set to soar by around 40% within the next few years as a result of a crackdown on informal operations, Gravita India forecast yesterday.
The established lead recycler said in an investor presentation a corresponding fall in recycling in the informal sector is estimated by fiscal 2026, following the introduction of measures in 2022 aimed at forcing unregulated recycling out of the market.
Gravita CEO Yogesh Malhotra said last year the company welcomed the introduction of revised battery waste management rules and extended producer responsibility requirements — making producers responsible for the collection, recycling or refurbishment of waste batteries, and for the use of recovered materials from waste.
The executive director of the India Lead Zinc Development Association L Pugazhenthy, told the International Conference on Lead & Lead Batteries in New Delhi last December that companies had to remain vigilant in cracking down on the informal, recycling sector.
“We must make sure that backyard recycling disappears from our dictionary,” he said. “We are a technologically-advanced country and we don’t need it.”
Last June, Gravita announced an expansion of lead battery recycling capacity at its Chittoor plant from 26,440 tonnes a year to 64,640 tonnes.
The increase took the group’s annual overall recycling capacity to more than 278,000 tonnes — putting Gravita on course to hit its overall target of 425,000 tonnes by fiscal 2026.