Highlights during the Quarter

Gravita India received orders worth Rs. 250 crore from Luminous Power Technologies Private Limited which is a part of European Schneider group.

During the quarter the company also bagged orders worth Rs 300 crore from Singapore firm Kyen Resources Pte Ltd for supplying 18,000 MT of pure lead and lead bullion. Besides helping it strengthen its top line and bottom line, the new orders will help Gravita expand its global footprint across new geographies like Europe, North America, South America, Africa and Asia among others.

The company also commenced commercial production of Lead Tetra Oxide (Red Lead Oxide) at its Jaipur unit with a capacity of 7500 MTPA. The Red Lead Oxide is a value added product and will help the company to cater new segments like ceramic tiles, crystal glass, anti-corrosive paints and inverter and solar batteries.       

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