Jan 17: Gravita India Ltd, India’s leading recycling company with manufacturing presence around the globe, on Wednesday said that it has received orders worth Rs 250 crore from Luminous Power Technologies Pvt Ltd which is a part of European Schneider group who are leaders in Energy Management for supplying various lead products.
“Gravita Group is among top most recycling companies across the globe and this order will help company to strengthen its to line and bottom line in coming FY 2018-19. The said order will be executed during 2018,” the company said in a statement.
Based in Jaipur, Gravita India Ltd carries out the business of smelting of lead ore/lead concentrate/lead battery scrap to produce primary and secondary lead metal, which is further transformed into pure lead, specific lead alloy, lead oxides (lead sub-oxide, red lead, and litharge) and lead products like lead sheets, lead pipes etc.
Shares of the company were trading at Rs 181, up 1.03% from the previous closing of Rs 179.15, on BSE at 11.08 am today.