Gravita Group complements recycling capacity at Ghana, West Africa by admin- Tuesday, July 6th, 2021 04:02:47 PM
Gravita India announced that Recyclers Ghana Ltd, a step down subsidiary of the business enterprise situated at Ghana, West Africa has enhanced the production capacity of its exiting Lead recycling plant from 12,000 MTPA to 16,two hundred MTPA.
The Group has made an funding of Rs. 10 crore for the above growth and till date approx. Rs. 31 crore has been invested for status quo of this recycling plant having capacity of sixteen,two hundred MTPA which has been invested thru inner accruals of the organization.
Recyclers Ghana has also started manufacturing of custom designed merchandise in which business enterprise enjoys the better margins. The group is watching for a sales contribution of approx. Rs. 2 hundred Crores along side Gross Margin of round 15% from this step down subsidiary in FY 2021-22.