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News18
5 days ago
- Business
- News18
Eco Recycling adds annual e-waste recycling capacity by 18,000 MT
New Delhi, Jul 18 (PTI) Waste management player Eco Recycling on Friday said it has increased the annual capacity to repurpose e-waste and li-ion batteries by 18,000 metric tonnes with commissioning of a new plant in Maharashtra. 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. view comments First Published: July 18, 2025, 15:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
5 days ago
- Business
- Business Upturn
Eco Recycling announces expanded capacity for e-waste and lithium-ion battery recycling
By Aditya Bhagchandani Published on July 18, 2025, 12:54 IST Eco Recycling Limited (BSE: ECORECO), India's pioneering professional e-waste management company, announced an expansion in its recycling capacities, reinforcing its leadership in the formal e-waste and lithium-ion battery recycling segment. In a press release dated July 18, 2025, the company shared that its total recycling capacity has now increased to 31,200 MTPA, supporting producers in meeting their obligations under the E-Waste Management Rules, 2022. This move positions the company well to cater to the rising compliance needs of electronic producers as Extended Producer Responsibility (EPR) norms gain prominence. Key highlights of the expansion: E-waste recycling capacity increased by 18,000 MTPA Dedicated 6,000 MTPA facility for lithium-ion battery recycling New 40,000 sq. ft. plant in Vasai, near Mumbai Entire investment funded via internal accruals, maintaining a zero-debt status Mr. B K Soni, Chairman & Managing Director of Eco Recycling Limited, commented: 'At Ecoreco, we believe the future of sustainability lies in building resilient infrastructure today. Our latest capacity expansion—particularly the dedicated lithium-ion battery facility—is a strategic step to meet the environment-friendly disposal of surging e-waste while strengthening India's commitment to the globally accepted EPR framework.' He further highlighted the company's focus on helping producers fulfill their obligations seamlessly while contributing to pollution reduction and sector formalization. The company also celebrated two major recognitions: Becoming the first Indian e-waste recycler inducted into TERRA (The Electronics Reuse & Recycling Alliance) , a global network of certified recyclers. Honorable mention by Prime Minister Narendra Modi during his Mann Ki Baat program for its contribution to sustainability through its BookMyJunk app. About Eco Recycling: Eco Recycling provides integrated solutions for e-waste management, including reverse logistics, data destruction, asset recovery, and recycling, while adhering to global standards. For FY25, the company reported a total income of ₹46.30 crore, EBITDA of ₹33.32 crore, and PAT of ₹23.38 crore. The company remains committed to innovation, operational excellence, and supporting India's transition to a circular economy. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
