Synopsys:
Eco Recycling Ltd announced e-waste recycling capacity expansion by 18,000 MTPA and setting up of a dedicated facility of 6,000 MTPA for processing lithium-ion (Li-ion) batteries in a state-of-the-art 40,000 sq.
The shares of this Recycling stock that engaged in reverse logistics, Data Destruction, ITAD, Lamp Recycling, and others are in focus after announcing e-waste recycling capacity expansion by 18,000 MTPA.
With a market capitalization of Rs. 1,216 Crore, the shares of Eco Recycling Ltd opened at Rs. 622.00 per equity share, from its previous day’s closing price of Rs. 618.65, and made an intraday high of Rs. 638 per equity share.
Capacity Expansion
Eco Recycling Ltd, a leading e-waste management company in India, has announced a significant expansion of its recycling capacity. The company is increasing its e-waste processing capacity by 18,000 metric tons per annum (MTPA) and setting up a dedicated facility to handle 6,000 MTPA of lithium-ion (Li-ion) batteries. This new plant will operate from a modern 40,000 sq. ft. facility located in Vasai, near Mumbai.
This expansion aligns with the E-Waste Management Rules, 2022, helping producers meet their recycling and Extended Producer Responsibility (EPR) obligations. Notably, the company has funded this entire project through internal accruals, keeping it completely debt-free.
This gives Eco Recycling a strong financial advantage by avoiding interest and EMI burdens, ensuring greater flexibility and stability. These developments are expected to boost Eco Recycling’s growth and further formalize the e-waste recycling industry in India.
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About The Company
Eco Recycling Ltd is India’s first and leading e-waste management company. It provides complete solutions for safely handling and recycling electronic waste, including data destruction, IT asset disposal, reverse logistics, and recovery of precious metals.
The company also supports environment friendly initiatives like EPR (Extended Producer Responsibility), CSR programs, and has launched mobile recycling units through its ‘Recycling on Wheels Smart ER’ service.
Eco Recycling became the first Indian e-waste company to join the global TERRA network, showing its commitment to top recycling and ESG standards. It was also praised by Prime Minister Narendra Modi in his ‘Mann Ki Baat’ for its ‘BookMyJunk’ app, highlighting its innovation and eco-friendly efforts.
The company’s revenue from operations surged from Rs. 28 crore in FY24 reaching Rs. 44 crore in FY25, reflecting strong business growth. Net profit also rose from Rs. 18 crore to Rs. 23 crore, indicating better cost management and profitability.
Written by Sudeep Kumbar
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