Gravita India Limited announced that its step down subsidiary situated in Togo, West Africa has started commercial production of Lead from its existing recycling plant having an annual capacity of around 6,000 MTPA. Further, the company has been sourcing scrap from Togo for the last 3 years and has set a strong scrap collection network before establishing the plant. The Company is already having similar Battery recycling facility in Tanzania, Senegal, Mozambique, Sri Lanka, Ghana and India.

This is in alignment with the company's vision of replicating its recycling business in different geographical locations. Further, the Company is already having Aluminum recycling plant having an annual capacity of 4,000 MTPA in Togo, West Africa and this new facility will enjoy the benefits of economy of scale and will be cost effective due to saving in logistic cost. The Group has invested approx.

INR 36.1 million for commissioning of the new Battery recycling facility which is funded from internal accruals of the company. The Company will be procuring domestic scrap for recycling from this plant and it will cater the needs of Battery Industry globally. This recycling facility will help company in expanding its recycling business.