Gravita India starts aluminium recycling at Jaipur plant

Shares of Gravita India rose 4.3 per cent intraday Monday as it has started commercial production of aluminium alloys.

The company has made an entry into aluminium recycling at its new recycling plant at Phagi, Jaipur with an initial capacity of 6000 MTPA of aluminium alloy production. The company will be manufacturing aluminium automobile alloy by recycling aluminium scrap.

"This entry into aluminium recycling will not only help in reducing India's carbon foot prints but will also enhance the recycling DNA of the group," company said in release.

At 09:51 hrs Gravita India was quoting at INR 24.65, up INR 0.45, or 1.86 per cent on the BSE.

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