Gravita India Limited, a Jaipur based global recycling company, has signed definitive agreements to acquire a 98.95 percent stake in Rashtriya Metal Industries Limited for a total consideration of approximately ₹559.08 crore.

The company announced that the transaction is expected to be completed on or before March 31, 2026, subject to the completion of standard closing conditions.

This acquisition represents a significant strategic step for Gravita as it aims to expand its recycling business into the copper and copper alloy product segment.

The move also supports the company’s long term plan to strengthen its position as a diversified global recycling and value added metal products manufacturer.

About Rashtriya Metal Industries

Rashtriya Metal Industries Limited is a well known manufacturer of copper and copper alloy products, particularly copper strips and coils.

The company operates an integrated manufacturing facility in Sarigam, Gujarat, spread across approximately 15 acres of industrial land.

The manufacturing plant has an installed production capacity of around 31,200 metric tonnes per annum.

RMIL has built a strong reputation in the market for supplying high quality copper products used in electrical and industrial applications.

These products are widely used in sectors such as:

• Electrical and electronic equipment
• Automotive components
• Industrial machinery
• Construction and infrastructure

Because of its manufacturing expertise and established supply network, RMIL has developed strong relationships with customers in both domestic and international markets.

Strong Export Presence

One of the key strengths of Rashtriya Metal Industries is its strong export oriented business model.

Approximately 40 percent of the company’s revenue comes from exports to several international markets.

Major export destinations include:

• United Arab Emirates
• United States
• Thailand
• Sri Lanka
• Kenya
• Indonesia
• Oman
• Saudi Arabia

This global export network will provide Gravita with greater access to international markets and diversified revenue streams after the acquisition.

Strategic Importance of the Acquisition

The acquisition of Rashtriya Metal Industries will enable Gravita to enter the copper and copper alloy segment, which is considered a high growth sector globally.

Gravita currently operates recycling businesses in multiple segments including:

• Lead recycling
• Plastic recycling
• Rubber recycling
• Aluminium recycling

By adding copper recycling and copper alloy manufacturing to its portfolio, the company will become a more integrated recycling and metals manufacturing group.

This strategic move will help the company create higher value products from recycled raw materials.

Expanding into Copper Recycling

Copper recycling is becoming an increasingly important part of the global metals industry.

Copper is widely used across several sectors because of its excellent electrical conductivity, durability, and corrosion resistance.

Recycled copper can be used to manufacture new copper products while significantly reducing energy consumption and environmental impact compared to primary copper mining.

By entering the copper recycling and copper alloy manufacturing sector, Gravita aims to:

• Expand its product portfolio
• Increase revenue diversification
• Strengthen its sustainable recycling operations

This expansion also aligns with global trends that encourage circular economy practices and sustainable resource management.

Alignment with Make in India Initiative

The acquisition will also allow Gravita to participate in policy supported industrial sectors under India’s Make in India initiative.

Copper and copper alloy products are critical inputs for several industries including:

• Electrical equipment manufacturing
• Electric vehicles and automotive systems
• Renewable energy infrastructure
• Electronics manufacturing

These sectors are expected to witness strong growth in India over the coming years.

By acquiring RMIL, Gravita gains access to high entry barrier manufacturing segments with strong long term demand potential.

Growing Global Demand for Copper

Global demand for copper has been steadily increasing due to expanding industrial and technological applications.

Over the past five decades, worldwide refined copper consumption has more than tripled.

The major industries driving copper demand include:

• Electrical and electronic products
• Construction and infrastructure
• Industrial machinery and equipment
• Transportation and automotive manufacturing
• Consumer and household products

The transition toward renewable energy systems and electric mobility is also expected to significantly increase copper demand in the coming years.

This makes copper one of the most strategically important industrial metals globally.

Financial and Strategic Advisors

The acquisition transaction was supported by leading advisory firms.

Global mergers and acquisitions advisory firm Singhi Advisors acted as the exclusive strategic and financial advisor to Gravita.

Legal advisory services for the transaction were provided by Crawford Bayley and Company Advocates and Solicitors.

These advisors assisted the company in structuring the transaction and completing the definitive agreements.

Strengthening Gravita Position in Recycling Industry

Gravita India has built a strong global reputation as a recycling solutions provider with operations across multiple countries.

The company focuses on converting metal scrap and waste materials into valuable recycled products, which are then used by various industries.

Through this acquisition, Gravita will strengthen its position as:

• A global recycling company
• A value added metal products manufacturer
• A supplier to industrial and manufacturing sectors

The addition of copper recycling capabilities will also help the company improve margins and diversify its product offerings.

Future Growth Opportunities

The integration of Rashtriya Metal Industries into Gravita’s operations is expected to create several growth opportunities.

These may include:

• Expansion of copper alloy manufacturing capacity
• Development of new value added copper products
• Strengthening of global export networks
• Increased use of recycled copper raw materials

Over time, these initiatives could help Gravita increase its revenue base and strengthen its position in the global recycling industry.

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