Gravita India Limited is set to add 59,200 MTPA (metric tonnes per annum) of copper recycling capacity at Mundra, with a planned capital expenditure (capex) of ₹64 crore, according to a CNBC-TV18 report.

Shares of Gravita India Limited ended at ₹1,793.00 on the Bombay Stock Exchange (BSE), down ₹21.90, or 1.21%, in the latest trading session.

Gravita India is a recycling company headquartered in Jaipur, Rajasthan. The company is engaged in the recycling of non-ferrous metals — primarily lead, aluminium and copper — as well as plastics, and operates manufacturing facilities in India and overseas. The sector it operates in has also received policy attention: India's Ministry of Mines released a National Non-Ferrous Metal Scrap Recycling Framework in 2020, aimed at promoting an organised, formal recycling ecosystem for non-ferrous metals.

The expansion comes against the backdrop of a shift in India's copper balance. The country became a net importer of refined copper after the closure of Vedanta's Sterlite Copper smelter at Thoothukudi, Tamil Nadu, in 2018, while domestic demand has been supported by power transmission, renewable energy and construction activity. Secondary copper, produced from scrap rather than mined ore, requires significantly less energy than primary production, and recycling capacity additions have become a growing part of the domestic supply mix. India also imports a substantial portion of the copper scrap it processes.

Mundra, located in the Kutch district of Gujarat on India's western coast, is an established industrial and port hub and hosts one of the country's largest private ports — a relevant factor for scrap-fed recycling operations, which typically depend on imported feedstock and outbound shipment of finished metal.

MTPA, or metric tonnes per annum, is a standard industry measure of annual production capacity. The planned ₹64 crore outlay covers the capacity addition at the Mundra site.