Gravita India will hold a meeting of the Board of Directors of the Company on 30 April 2024.Powered by Capital Market - Live News

Gravita India announced that �Pure Lead� meeting the MCX purity standards, produced at its Mundra, Gujarat plant has been empaneled as an approved Lead Brands deliverable against MCX lead futures contract. Further, the Pure Lead manufactured by Chittoor and Phagi plants of the company are already an MCX empaneled products.The company said, The MCX empanelment will provide us with an additional platform for hedging, better inventory management and price transparency in the domestic market. This empanelment will also increase the availability of high-quality lead for delivery against MCX lead futures contracts, benefiting market participants. It also aligns with Gravita group`s vision `To be the most valuable company in the recycling space globally`.Powered by Capital Market - Live News

Gravita India announced that Gravita Tanzania, a step down wholly owned subsidiary of the company has increased capacity of its existing recycling unit situated at Tanzania. The existing capacity of said unit for battery recycling has been increased by 5,000 MTPA bringing the total capacity of battery recycling of this unit to 12,000 MTPA. With this expansion the total capacity of Gravita Group has reached to 2,90,859 MTPA which is in line with company`s target to reach 4,25,000 MTPA by FY 2026. The production from said plant will cater to the needs of battery industry globally and support the establishment of a circular economy in the global recycling market. The investment in the said capacity expansion is approx. Rs 3.33 Cr. which has been funded through internal accruals of the company. Powered by Capital Market - Live News

Net profit of Gravita India rose 20.06% to Rs 60.27 crore in the quarter ended December 2023 as against Rs 50.20 crore during the previous quarter ended December 2022. Sales declined 3.99% to Rs 757.77 crore in the quarter ended December 2023 as against Rs 789.28 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales757.77789.28 -4 OPM %10.609.83 - PBDT82.7963.73 30 PBT73.7757.67 28 NP60.2750.20 20 Powered by Capital Market - Live News

Gravita India will hold a meeting of the Board of Directors of the Company on 23 January 2024.Powered by Capital Market - Live News