Gravita Tanzania Limited, a step down subsidiary of the Gravita India Limited situated in Tanzania, Africa has started commercial production of Aluminum Cast Alloys from its new plant having an capacity of around 6000 MTPA.

The Group has made an investment of approx. Rs. 6 Crores for establishment of this New Recycling Plant having capacity of 6000 MTPA from internal accruals of the company.

Gravita Tanzania Limited is already having a Lead Recycling unit in Tanzania and this Aluminum recycling plant will diversify the product portfolio of the company which will result in better profitability and will cater the needs of Aluminum die casting industries located in Europe and Asian Continent.

The Company is expecting revenue of approx. Rs. 20 Crores along with Gross Margin of around 15% from this Aluminum Recycling Plant during F.Y. 2019-20.

Gravita Group is among top most recycling companies across the globe and installation of this plant will help company to increase its footprints and to expand its horizons across the globe.