Eco Recycling adds annual e-waste recycling capacity by 18,000 MT
With this expansion, its total annual recycling capacity now stands at 31,200 metric tonnes per annum (MTPA), Eco Recycling said in a regulatory filing.
The increased recycling capacity will enhance footprint in the recycling volume of electrical and electronic waste and li-ion batteries and support producers to meet their incremental quantitative obligations under the E-Waste Management Rules, 2022, the company said.
The company's CMD B K Soni said, 'Our latest capacity expansion particularly the dedicated lithium-ion battery facility is a strategic step to not only meet the environment friendly disposal of surging e-waste but also confirms India's commitment to the globally accepted EPR (Extended Producers Responsibility) framework." The new plant in Vasai near Mumbai is spread over 40,000 square feet, where 6,000 MTPA has been commissioned for lithium-ion battery recycling, the company said.
'The entire investment has been funded through internal accruals," the company said without sharing any financial details.
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