Gravita India Ltd

Gravita India Expands into Copper with ₹559 Crore Acquisition 🏭

• Acquired 98.95% stake in Rashtriya Metal Industries Limited (RMIL) for ₹559.08 Crores

• RMIL’s manufacturing facility in Sarigam, Gujarat spans 15 acres with annual capacity of 31,200 metric tons

• About 40% of RMIL’s revenue comes from exports to UAE, USA, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia

• Expands Gravita’s portfolio into copper and copper alloy recycling and manufacturing, complementing lead, plastic, rubber, and aluminum operations