Tata Steel targets zero overseas debt by 2028 Thyssenkrupp Steel restarts Hot Strip Mill 4 at Duisburg Viraj Profiles accelerates stainless steel decarbonisation journey Electrical steel market set to reach USD 19.67 billion by 2032
ED of lead products manufacturer Gravita India, Navin Prakash Sharma, predicts greater contribution to growth from lithium ion batteries and steel starting 2027.
“There will be other recycling projects which we are planning, which includes steel, paper and lithium batteries. We foresee those numbers only after 2027,” according to his statement.
He anticipates 25% compounded annual growth rate (CAGR) volume to continue for 3-4 years. The return on capital employed (RoCE) is expected to be around 25% and EBITDA per tonne at around ₹16-18 per kilogram.
Policy changes like goods and services tax (GST) and regulations on battery waste management rules are likely to improve the share of formal business from 60% now, he said.
Within the formal sector, Gravita India’s share stands at around 15-18% as of now. Value-added products (VAP) has been the focus area for the company and it has been moving towards the 50% mark.
“We will be shifting more VAP in every segment, so we expect it to increase at least 60% in next year,” he said. Gravita India’s current debt stands at around ₹450 crore and the company has a capex plan of around ₹600-700 crore in next four years.
“This capex should generate a revenue of 8-9X,” he said. Capex will be funded through internal accruals and there is no plans to raise equity, he added.
In terms of exports, he mentioned, “We are present in Africa. We are working on some projects in Middle East and in South American markets. We are working on those geographies. Next growth should come from that area.”
The current market capitalisation of the company is ₹8,765 crore.
Also Read : Miners urge govt not to impose export duty on low-grade ore Indian steel industry can meet Railways' needs: govt panel
Zhongshou Special Steel has successfully started operations at its new Arvedi ESP (Endless Strip Pro...
China 28-May-2026
The Indian government is preparing a support package to mitigate the impact of recent US tariffs on...
India 10-Sep-2025
In order to meet growing domestic demand, India's largest refiner, Indian Oil Corp., declared in a s...
Business 01-Apr-2024
The proposed Noida Airport is expected to provide direct access to Delhi’s Indira Gandhi Inter...
Construction 23-Jan-2024
Prime Minister Narendra Modi dedicated and laid the foundation stone for over ₹56,000 crores in powe...
Renewables 05-Mar-2024
Vedanta is working "actively" for demerger of its key businesses, including aluminium, into separate...
Large Corporate 12-Feb-2024