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Gravita India to acquire 98.95% stake in Rashtriya Metal Industries
Mar-13-2026

Gravita India has signed definitive agreements for acquisition of 98.95% stake of Rashtriya Metal Industries (RMIL) for a total consideration of Rs 559.08 crore. The transaction is expected to be closed on or before March 31, 2026.

The proposed acquisition will enable Gravita to strategically expand into copper and copper alloy products, including recycling from copper scrap to copper alloys, complementing its existing businesses in lead, plastic, rubber, and aluminum recycling. This move will further strengthen Gravita’s position as an integrated recycling and value-added product manufacturer while enhancing its competitive positioning and margin profile.

This acquisition comes at a time when global demand for copper continues to grow. Over the past 50 years, world refined copper usage has more than tripled, driven by expanding sectors such as electrical and electronic products, building construction, industrial machinery and equipment, transportation equipment, and consumer and general products.

Gravita India is a leading recycling company having its operations in Non-Ferrous Metals and Plastic Recycling.

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