Gravita India announced the launch of its state-of-the-art lithium-ion battery recycling plant in Mundra, Gujarat with a capacity of 6,000 MTPA.
The company has made an investment of
Rs. 14 crore for procurement and commissioning of the said Recycling Plant which is invested from internal accruals of the company.
Gravita will ensure the safe, sustainable recycling of lithium-ion batteries, reducing environmental impact, and conserving precious resources. Gravita India has invested in cutting edge technology to improve the efficiency and scalability of the recycling process, ensuring that toxic chemicals and waste are minimized.
This venture is part of Gravita's commitment to promoting a circular economy by reusing valuable materials and reducing the dependency on mining for raw materials.
Gravita's venture into lithium-ion battery recycling is aligned with its ambitious sustainability goals and the global push for cleaner, more efficient energy solutions. As electric vehicles continue to grow in popularity, the company aims to become a key player in the global battery recycling market, supporting a greener, more sustainable planet for future generations.
The company plans to expand the scope of its recycling operations and collaborate with leading players in the EV and renewable energy sectors to further enhance its recycling capabilities.