Latest news with #EPR
News18
2 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
2 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.
Mint
2 days ago
- Business
- Mint
Multibagger stock edges higher despite weak trends in Indian stock market
Eco Recycling shares increased by more than 2% during Friday's trading session after the company announced plans to enhance its capacity. This includes a proactive expansion of its e-waste recycling capabilities by 18,000 MTPA, as well as the establishment of a specialised facility with a capacity of 6,000 MTPA dedicated to processing lithium-ion (Li-ion) batteries, all situated in a cutting-edge 40,000 sq. ft. facility in Vasai, close to Mumbai. The firm indicated that it is consistent with the E-waste Management Rules, 2022, aimed at addressing the increasing generation of e-waste and the responsibilities of Producers. The submission of Extended Producer Responsibility (EPR) obligations through the centralised EPR Portal and the implementation of Environmental Compensation (EC) measures for non-compliance are anticipated to be key factors in driving industry growth and formalising the sector.
Business Upturn
2 days ago
- Business
- Business Upturn
Eco Recycling expands capacity by 18,000 MTPA, sets up lithium battery facility near Mumbai
Eco Recycling (Ecoreco), one of India's leading e-waste management companies, is taking a big leap toward a cleaner and greener future. The company has expanded its recycling capacity by 18,000 MTPA and also set up a dedicated 6,000 MTPA facility to process lithium-ion batteries. This new, high-tech unit, spread across 40,000 sq. ft. in Vasai near Mumbai, aligns perfectly with India's E-Waste Management Rules, 2022. What makes this move even more impressive is that the entire investment—land, building, and machinery—was funded using internal resources, keeping the company debt-free. With no interest or EMI burdens, Ecoreco gains a clear financial edge, allowing greater flexibility and resilience in its operations. This expansion comes at a time when Extended Producer Responsibility (EPR) regulations and environmental compliance are tightening, pushing the industry toward more formalized, eco-friendly practices. Ecoreco continues to offer end-to-end e-waste services, from collection and logistics to data destruction, refurbishment, and full EPR compliance, following global best practices. Its client base includes well-known, environmentally conscious brands. Adding to its achievements, Ecoreco has become the first Indian e-waste recycler to join TERRA (The Electronics Reuse & Recycling Alliance), a top international network of certified recyclers. This boosts the company's global reputation and ESG credentials. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Leader Live
2 days ago
- Business
- Leader Live
Marks and Spencer's major recycling change to 'reduce costs'
The supermarket is the first to roll out the packaging tags, developed by recycling technology firm Polytag, on shop shelves. They have been printed onto the labels of M&S's four-pint milk bottles available now in nationwide stores, with the aim of boosting recycling rates. Once recycled by households, bottles will be scanned by Polytag's plastic detection units if the recycling facility has been retrofitted with the technology. M&S will then be able to view live recycling data, accessing real-time, barcode-level insights into the recycling of its single-use plastic packaging. Polytag said the data is designed to accurately track sustainability targets, improve the accuracy of recycling claims and strengthen compliance with regulations that require businesses to pay for the management and recycling of their products' packaging waste. The hope is also that the tags can help to reduce M&S's costs under these extended producer responsibility (EPR) rules through more precise reporting. M&S has also invested £100,000 into Polytag's Ecotrace programme, which aims to drive the rollout of a nationwide, invisible UV tag reader network. Co-op, Waitrose and Aldi have also been working with Polytag to introduce UV tags to their products. Alice Rackley, chief executive of Polytag, said: 'Retailers and brands can no longer afford to lose sight of packaging the moment it leaves their supply chain. 'With EPR now in effect, we're entering a new era where real data is not just helpful, it's essential. 'By tagging products and tracking their journey through the recycling system, we're creating a clear line of sight from shelf to sorting facility. 'M&S taking this first-to-shelf step signals not only a commitment to transparency, but a real shift in how the industry approaches responsibility. 'It's a major milestone for the Ecotrace programme and for the wider UK recycling industry.' Mark Hitschmann, head of packaging at M&S Food, said: 'Our customers consistently tell us that reducing plastic is very important to them so this is another way they can trust that M&S is doing the right thing to help them easily make more sustainable choices when they shop with us.' M&S has been at the forefront of recycling alongside many other large retail chains in recent years. Recommended reading: M&S issues warning to Rachel Reeves amid property tax hikes M&S Back to School uniform offers back with 20 per cent off Parents 'gutted' not to see M&S uniform sale return after cyber-attack Shoppers can recycle most plastics from any product in M&S stores. From hard-to-recycle items such as biscuit packets and sweet wrappers (excluding beauty) to products not bought at M&S. Items can be placed into plastic recycling units in stores.
