Gravita India Limited has officially announced its plans to increase the lead recycling capacity at its existing facility located in Phagi, Jaipur. According to the regulatory filing dated May 8, 2026, the company is initiating a significant expansion to bolster its domestic recycling footprint. This strategic move is designed to leverage the company’s existing infrastructure at the Phagi site, which is currently operating near its maximum capacity.

The proposed expansion will add approximately 42,000 MTPA to the current capacity of 35,319 MTPA. This project involves an estimated investment of ₹30.00 Crores, which the company intends to fund entirely through internal accruals. The additional capacity is expected to be operational by the end of June 2026. Management stated that this enhancement aligns with their long-term strategy to strengthen recycling capabilities and meet the rising global and domestic demand for sustainable lead products.

Gravita India is a prominent leader in the integrated recycling sector, specializing in lead, aluminum, plastic, and rubber. Throughout 2025 and early 2026, the company has been active in expanding its portfolio, including a significant entry into the copper recycling business through the acquisition of Rashtriya Metal Industries Limited (RMIL). In March 2026, Gravita also signed definitive agreements for this acquisition, supporting its “VISION 2030” goal of reaching a total capacity of over 8 LTPA by FY29. Additionally, the company recently ventured into lithium-ion battery recycling at its Mundra facility in early 2026.

For the last reported quarterly results (Q4 FY26), Gravita India achieved record revenue of ₹1,172.76 Crores, reflecting a 15.31% increase from the previous quarter and a 13.08% rise compared to the same period last year. However, the consolidated net profit stood at ₹91.88 Crores, showing a sequential decline of 5.93% and a year-on-year decrease of 3.42% due to margin pressures. As of 2025, the company’s shareholding pattern featured notable institutional involvement, with the Oxbow Master Fund Limited holding approximately 2.44% and the Goldman Sachs India Equity Portfolio holding 2.23%. Other prominent investors during the 2025 period included the Jupiter India Fund.