Gravita expands production capacity of its plant situated at Chittoor, Andhra Pradesh

Deepthi | Myequity news | Date : 20-09-2018 18:40:00 IST

Gravita India Limited, a leading recycling company having its manufacturing presence around the globe, is glad to inform that company has expanded the capacity of its existing plant located at Chittoor, Andhra Pradesh by installing new washing line and PPCP Granules extrusion lines which is having annual capacity or 4,800 MTPA. The production from said plant will cater the needs of PP/HDPE Moulding & Fiber Industries globally.

At present company is utilizing full capacity or its existing plastic plant and after the said expansion the capacity of Chittoor plant in plastic segment will be 6,000 MTPA. The company has invested Rs. 171.00 Lacs partly by way of leasing & partly from its internal accruals for the said expansion. Further after the above expansion the total capacity of Chittoor plant in Lead & Plastic segment will be 34,000 MT PA.The Company expects an EBITDA of approx. 200.00 Lacs per annum from the said expansion .

Gravita Group is among well known recycling companies across the globe and installation of this plant will help company to further strengthen its financial position coupled with diversification in plastic recycling and value added products.

About Gravita India:

Gravita India Ltd is a leading Indian company having state-of-the-art Lead Processing unit at Jaipur in Rajasthan. The company carries out smelting of Lead Ore/ Lead Concentrate / Lead Battery Scrap to produce primary & secondary Lead Metal, which is further transformed into Pure Lead, Specific Lead Alloy, Lead Oxides (Lead Sub-Oxide, Red Lead, and Litharge) and Lead Products (Lead Sheets, Lead Pipes etc.) with proven technology and processes.

More from Myequity