Gravita India Enters Lithium-Ion Battery Recycling with New Mundra Plant

• Gravita India announced its entry into lithium-ion battery recycling on Friday, January 23.
• The company launched a new recycling plant in Mundra, Gujarat, with an annual capacity of 6,000 tons.
• An investment of approximately ₹14 crore, funded internally, was made for the plant's purchase and commissioning.
• This initiative aims to promote a circular economy, reduce reliance on mining, and align with sustainability goals.
• All 9 analysts covering Gravita India have given a "buy" rating, with target prices ranging from ₹2150 to ₹2658.

Why It Matters: Gravita India diversifies into lithium-ion battery recycling, investing ₹14 crore in a new Mundra plant.