Gravita India Ltd Share Price – NSE  /  BSE

Non Ferrous Metals, Small Cap

Gravita India will hold a meeting of the Board of Directors of the Company on 30 April 2024.

Powered by Capital Market - Live News

Jaiprakash Associates Ltd, Godfrey Phillips India Ltd, Angel One Ltd and Camlin Fine Sciences Ltd are among the other losers in the BSE's 'A' group today, 09 April 2024.

Gravita India Ltd lost 5.98% to Rs 1025.05 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 12642 shares were traded on the counter so far as against the average daily volumes of 35949 shares in the past one month.

Jaiprakash Associates Ltd crashed 4.97% to Rs 20.63. The stock was the second biggest loser in 'A' group.On the BSE, 79.19 lakh shares were traded on the counter so far as against the average daily volumes of 48.89 lakh shares in the past one month.

Godfrey Phillips India Ltd tumbled 4.21% to Rs 3135.8. The stock was the third biggest loser in 'A' group.On the BSE, 6964 shares were traded on the counter so far as against the average daily volumes of 48436 shares in the past one month.

Angel One Ltd pared 3.52% to Rs 2845.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 41894 shares were traded on the counter so far as against the average daily volumes of 39332 shares in the past one month.

Camlin Fine Sciences Ltd fell 3.49% to Rs 102.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 84222 shares were traded on the counter so far as against the average daily volumes of 2.85 lakh shares in the past one month.

Powered by Capital Market - Live News

Gravita India announced that “Pure Lead” meeting the MCX purity standards, produced at its Mundra, Gujarat plant has been empaneled as an approved Lead Brands deliverable against MCX lead futures contract. Further, the Pure Lead manufactured by Chittoor and Phagi plants of the company are already an MCX empaneled products.

The company said, The MCX empanelment will provide us with an additional platform for hedging, better inventory management and price transparency in the domestic market. This empanelment will also increase the availability of high-quality lead for delivery against MCX lead futures contracts, benefiting market participants. It also aligns with Gravita group's vision 'To be the most valuable company in the recycling space globally'.

Powered by Capital Market - Live News

Gravita India announced that Gravita Tanzania, a step down wholly owned subsidiary of the company has increased capacity of its existing recycling unit situated at Tanzania. The existing capacity of said unit for battery recycling has been increased by 5,000 MTPA bringing the total capacity of battery recycling of this unit to 12,000 MTPA.

With this expansion the total capacity of Gravita Group has reached to 2,90,859 MTPA which is in line with company's target to reach 4,25,000 MTPA by FY 2026.

The production from said plant will cater to the needs of battery industry globally and support the establishment of a circular economy in the global recycling market.

The investment in the said capacity expansion is approx. Rs 3.33 Cr. which has been funded through internal accruals of the company.

Powered by Capital Market - Live News