Synopsis:
The company launched a 12,240 MTPA Lithium-Ion Battery Recycling Plant in Nashik. With 30% revenue growth and strategic expansion toward 68,000 MTPA capacity by FY26, the company strengthens its leadership in e-waste recycling, backed by top clients and a nationwide recycling and collection network.
The shares of a prominent recycling company gained up to 6 percent in today’s trading session after the company commenced operations at the Lithium-Ion Battery Recycling Facility.
With a market capitalization of Rs 352 crore, the shares of Namo eWaste Management Ltd were trading at Rs 154 per share, increasing around 5.84 percent as compared to the previous closing price of Rs 145.50 per share.
Capacity expansion
The shares of Namo eWaste Management Ltd have seen positive movement after launching a new Lithium-Ion Battery Recycling Plant in Nashik, Maharashtra, with a 12,240 MTPA capacity. This marks a key step in its goal to scale up the recycling capacity to 68,000 MTPA by Q3 FY26, aligning with India’s EPR mandates for battery and e-waste recycling.
Operational Highlights
Looking forward to the company’s financial performance, revenue increased by 24 percent from Rs 67 crore in H1FY25 to Rs 83 crore in H2FY25. Furthermore, during the same time frame, the net profit decreased by 40 percent, from Rs 5 crore to Rs 3 crore.
Namo eWaste Management Ltd is trusted by top industry leaders across sectors, showcasing strong credibility and partnerships. Its clients include global giants like Google, Samsung, Adobe, Xiaomi, GE Healthcare, and Philips, along with Indian brands like Maruti Suzuki, Nykaa, Flipkart, and ICICI Bank. This diverse clientele highlights Namo’s robust service quality and leadership in e-waste recycling.
Namo eWaste Management operates over 26 collection centers and 3 active recycling plants across India, with 2 more plants underway. With a current recycling capacity exceeding 30,500 MTPA, the company has strategically located hubs, including a new Li-ion battery recycling facility, enabling efficient nationwide coverage and reinforcing its role in India’s sustainable e-waste management ecosystem.
Namo eWaste Management is in the business of collection, disposal, and recycling of electronic and electrical waste (e-waste). The company handles waste, including air conditioners, refrigerators, laptops, phones, washing machines, and fans.
Written by Abhishek Singh
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