Gravita Expands Production Capacity Of Its Plant Situated In Andhra Pradesh
Gravita India Limited, a leading recycling company having its manufacturing presence around the globe, had informed that company has expanded the capacity of its existing plant located at Chittoor, Andhra Pradesh by installing new washing line and PPCP Granules extrusion lines which is having an annual capacity or 4,800 MTPA. The production from the said plant will cater to the needs of PP/HDPE Moulding & Fiber Industries globally.
At present company is utilizing full capacity or its existing plastic plant and after the said expansion the capacity of Chittoor plant in the plastic segment will be 6,000 MTPA. The company has invested Rs. 171.00 Lacs partly by way of leasing & partly from its internal accruals for the said expansion. Further after the above expansion the total capacity ofChittoor plant in Lead & Plastic segment will be 34,000 MTPA. The Company expects an EBITDA of approx. 200.00 Lacs per annum from the said expansion.