Gravita India Acquires Rashtriya Metal Industries for ₹559 Cr; Boosts Copper Portfolio

• Gravita India will acquire a 98.95% stake in Rashtriya Metal Industries (RMIL) for ₹559.08 crore.
• RMIL is a well-established manufacturer of copper and copper alloy products, with significant exports to UAE, US, Thailand, and other key international markets.
• The acquisition expands Gravita's recycling operations into copper and copper alloys, complementing its existing lead, plastic, rubber, and aluminum recycling businesses.
• This move strengthens Gravita's market position, improves its margin profile, and aligns with India's 'Make in India' initiative by accessing high-entry-barrier segments.
• The transaction is expected to be completed by March 31, 2026, with Singhi Advisors and Crawford Bayley & Co. acting as advisors.