The Group has made an investment of approx. Rs. 6 crore for establishment of this New Recycling Plant having capacity of 6000 MTPA from internal accruals of the company.
Gravita Tanzania Limited is already having a Lead Recycling unit in Tanzania and this Aluminum recycling plant will diversify the product portfolio of the company which will result in better profitability and will cater the needs of Aluminum die casting industries located in Europe and Asian Continent.
The Company is expecting revenue of approx. Rs. 20 crore along with Gross Margin of around 15% from this Aluminum Recycling Plant during F.Y. 2019-20.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app