Attero to expand e-waste recycling with Rs 80 billion investment
WATER & WASTE

Attero to expand e-waste recycling with Rs 80 billion investment

Nitin Gupta, the CEO and Co-Founder of Attero, revealed that the electronic waste and battery recycling company planned to invest approximately Rs 83 billion over the next five years to expand its capacity.

He mentioned that currently, the company had the capability to recycle up to 1,44,000 tonne of electronic waste (e-waste) and 15,000 tonnes of lithium-ion battery annually.

Gupta informed that in the forthcoming five years, they intended to invest roughly around $1 billion overall, incorporating various forms of capital such as debt, equity, and other non-diluted forms of capital.

He elaborated that the company was experiencing a growth rate of 100 per cent year-on-year and was progressively enhancing its capacity.

Gupta stated that a greenfield facility was under construction in Europe, specifically in Poland, where work had already commenced. Additionally, another greenfield facility was being established in India, with the space being finalized in Andhra Pradesh or Jharkhand. The projected e-waste recycling capacity would increase to approximately 4,15,000 tonnes per annum, and the battery recycling capacity was expected to reach around 50,000 tonnes per annum within a year.

The company aimed to achieve revenue of over $2 billion, equivalent to about Rs 165 billion by 2027.

According to Gupta, the industry was growing at a rate of approximately 30 per cent per annum, whereas Attero was surpassing this with a growth rate exceeding 100 per cent year-on-year. He disclosed that the revenue for the financial year 2023 was approximately Rs 2.85 billion, which had increased to Rs 4.40 billion in FY24. He anticipated crossing the Rs 10 billion revenue mark in the current year. To reach the $2 billion target, he emphasised that only a few billions needed to be invested to enhance capacity.

Gupta asserted that every other Indian company produced an intermediate product that was subsequently refined either by Attero or by companies located outside India.

Nitin Gupta, the CEO and Co-Founder of Attero, revealed that the electronic waste and battery recycling company planned to invest approximately Rs 83 billion over the next five years to expand its capacity. He mentioned that currently, the company had the capability to recycle up to 1,44,000 tonne of electronic waste (e-waste) and 15,000 tonnes of lithium-ion battery annually. Gupta informed that in the forthcoming five years, they intended to invest roughly around $1 billion overall, incorporating various forms of capital such as debt, equity, and other non-diluted forms of capital. He elaborated that the company was experiencing a growth rate of 100 per cent year-on-year and was progressively enhancing its capacity. Gupta stated that a greenfield facility was under construction in Europe, specifically in Poland, where work had already commenced. Additionally, another greenfield facility was being established in India, with the space being finalized in Andhra Pradesh or Jharkhand. The projected e-waste recycling capacity would increase to approximately 4,15,000 tonnes per annum, and the battery recycling capacity was expected to reach around 50,000 tonnes per annum within a year. The company aimed to achieve revenue of over $2 billion, equivalent to about Rs 165 billion by 2027. According to Gupta, the industry was growing at a rate of approximately 30 per cent per annum, whereas Attero was surpassing this with a growth rate exceeding 100 per cent year-on-year. He disclosed that the revenue for the financial year 2023 was approximately Rs 2.85 billion, which had increased to Rs 4.40 billion in FY24. He anticipated crossing the Rs 10 billion revenue mark in the current year. To reach the $2 billion target, he emphasised that only a few billions needed to be invested to enhance capacity. Gupta asserted that every other Indian company produced an intermediate product that was subsequently refined either by Attero or by companies located outside India.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?