Will new foray pay off for Gravita India?

Analysts and investors will keep a close tab on Gravita India, following its venture into the business of plastics recycling. In a post-market hours disclosure to the stock exchanges, the company said its step-down subsidiary Gravita Nicaragua SA has commenced commercial production of PET recycling, with a capacity of 3,600 tpa. The management hopes that the recycling business will enhance the recycling DNA of the group.