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Gravita India Ltd.

BSE: 533282 Sector: Metals & Mining
NSE: GRAVITA ISIN Code: INE024L01027
BSE LIVE 15:52 | 18 Aug 109.95 0.90
(0.83%)
OPEN

107.90

HIGH

113.70

LOW

105.45

NSE 15:59 | 18 Aug 110.40 1.45
(1.33%)
OPEN

107.70

HIGH

113.45

LOW

105.05

OPEN 107.90
PREVIOUS CLOSE 109.05
VOLUME 454934
52-Week high 113.70
52-Week low 28.00
P/E 32.34
Mkt Cap.(Rs cr) 755
Buy Price 110.05
Buy Qty 187.00
Sell Price 0.00
Sell Qty 0.00
OPEN 107.90
CLOSE 109.05
VOLUME 454934
52-Week high 113.70
52-Week low 28.00
P/E 32.34
Mkt Cap.(Rs cr) 755
Buy Price 110.05
Buy Qty 187.00
Sell Price 0.00
Sell Qty 0.00

Gravita India Ltd. (GRAVITA) - Company History

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. The company specializes in producing high quality pure lead ingots with minimum purity level of 99.97% by weight. They have a quality control Laboratory consisting of Optical Emission Spectrometer (OES) of Spectro Germany make & Atomic Absorption Spectrometer (AAS) to monitor the purity levels of the product. The company is an ISO 9001:2000 and 14001:2004 certified company and a certified Star Export house under Ministry of Commerce and Industry. They are also affiliated as a member with Federation of Indian Export Organisation, Institute of Scrap Recycling Industries Inc and FICCI. The company has successfully established subsidiaries namely Gravita Ghana Ltd, Ghana, Gravita Senegal SAU, Senegal, Gravita Mozambique LDA, Mozambique, Gravita Zambia Ltd, Zambia, Pagrik Ethiopia PLC, Ethiopia and Gravita Georgia Ltd, Georgia. They have also made investment in Navam Lanka Ltd, Sri Lanka and Gravita Honduras SA, Honduras. These cover the continents of Africa, Asia, Central America and CIS (Commonwealth of Independent States) countries. Gravita India Ltd was incorporated on August 4, 1992 as a private limited company with the name Weldtech Pvt Ltd in the state of Rajasthan. The company started their business with welding and surface coating and was appointed as stockist of Eutectic Division of Larsen and Toubro for state of Rajasthan. Later, they entered into arena of manufacturing of Lead products from the battery scrap and set up a manufacturing unit at Jaipur with a capacity of 600 MT per annum. During the year 1994-95, the company acquired the land in Jaipur and set up of an environment friendly recycling operation of battery scrap to produce remelted lead and poly propylene chips with capacity of 600 MT. In August 2, 1996, the company changed their name from Weldtech Pvt Ltd to Gravita India Pvt Ltd. In August 13, 1996, the company was converted into public limited company and the name was changed to Gravita India Ltd. During the year 1996-97, the company diversified into Grey Oxide, Litharge and Red Lead with the objective of forward integration. During the year 1997-98, they diversified into manufacturing of Pure Lead. Also, they installed a new plant for manufacturing of Grey oxide, Red Lead and Litharge. In the year 2005, the company started Pagrik Ethiopia PLC in Ethiopia, their first venture in the African continent. In the year 2006, they started Gravita Ghana Ltd in Ghana for recycling Lead from Lead batteries. In the year 2007, they established three Lead Recycling Plants in the African continent, namely Gravita Senegal, Gravita Zambia and Gravita Mozambique. In the year 2008, they entered into Europe by establishing Gravita Georgia Ltd, Georgia. During the year 2008-09, the company acquired Gravita Exim Ltd, a group company dealing in turnkey solutions for lead processing plants. The company proposes to set up facilities to manufacture lead wool, lead wire, lead sheets and lead powder at Jaipur. They propose to enhance their portfolio by addition of aforesaid allied products into their manufacturing ambit. These are presently being supplied to the customers by getting them made on job work basis or procuring from the market. By venturing into setting up their own manufacturing facilities as proposed the company will derive cost benefits on account of saving in the form of transportation etc.