Gravita India Limited terminates the contract with Kyen Resources Pte. Ltd., Singapore
Deepthi | Myequity news | Date : 06-10-2018 19:00:00 IST
Gravita India Limited could not complete the order received for supply of 18,000 MT of Pure Lead and Lead Bullion worth Rs. 300 Crores from Kyen Resources Pte. Ltd., Singapore on 15th March, 2018 and the contract has been terminated due to some management and financial issues at the end of Kyen Resources Pte. Ltd., Singapore. Till date approx 3,800 MT of material has been supplied to Kyen Resources.
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.