Gravita India share price gained 2 percent on May 26 after it the company said that it had expanded the capacity of its recycling unit in Andhra Pradesh's Chittoor.
The existing capacity of the unit for battery recycling has been increased by 26,440 MTPA, taking the total capacity to 64,640 MTPA, the compnay told exchanges.
With this, the expansion total capacity of Gravita Group has reached 2.78 lakh MTPA, which is in line with the company’s target of 4.25 lakh MTPA by FY26.
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The investment in the said capacity expansion is around Rs 21 crore which has been funded through internal accruals, Gravita India said in its filing to exchanges.
The stock was trading at Rs 563 on the NSE, up 2.24 percent with a volume of 1.44 lakh shares.
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