By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Parami News

  • Home
  • Politics
  • India
  • World
  • Business
  • Entertainment
  • Regional
  • Sports
  • Web Stories
Search
© 2024 Parami News. All Rights Reserved.
Reading: Attero plans to invest over Rs 8,000 crore over 5 years to improve e-waste, battery recycling capabilities | Parami News
Share
Sign In
Notification Show More
Font ResizerAa

Parami News

Font ResizerAa
Search
  • Home
  • Politics
  • India
  • World
  • Business
  • Entertainment
  • Regional
  • Sports
  • Web Stories
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Parami News > Blog > Most Recent Stories > Attero plans to invest over Rs 8,000 crore over 5 years to improve e-waste, battery recycling capabilities | Parami News
Most Recent Stories

Attero plans to invest over Rs 8,000 crore over 5 years to improve e-waste, battery recycling capabilities | Parami News

Atulya Shivam Pandey
Last updated: May 19, 2024 7:40 pm
Atulya Shivam Pandey
Share
4 Min Read
Attero plans to invest over Rs 8,000 crore over 5 years to improve e-waste, battery recycling capabilities

 | Parami News
SHARE
New Delhi: E-waste and battery recycling company Atero Nitin Gupta, CEO and co-founder of the company, said it plans to invest around 8,300 crore rupees over the next five years to increase production capacity.The company currently owns capacity Recycling up to 1,44,000 tonnes of e-waste (electronic waste) and 15,000 tons of lithium-ion batteries per year.
“We will obviously invest a total of about $1 billion or so over the next five years, including all forms of capital – debt, equity and other non-dilutive forms of capital,” Gupta told PTI.
He said that the company has grown by 100% year-on-year and its production capacity has gradually increased.
“A greenfield facility in Europe will be set up in Poland. Work has already started there. In India, we are building another greenfield facility. We are finalizing space in Andhra Pradesh/Jharkhand. Our e-waste (recycling) ) capacity will reach about 415,000 tons per year.
The company has set a target of crossing $2 billion in revenue by 2027, which is about Rs 16,500 crore.
“The industry is growing at around 30% every year. Our year-on-year growth is over 100%. Our revenue in FY23 was around Rs 285 crore and in FY24 it was Rs 440 crore. This year we expect to cross Rs 1,000 crore in revenue , to achieve the $2 billion target, we only need to invest billions of rupees to increase production capacity,” Gupta said.
He claimed that all other Indian companies produce intermediate products, which are then further refined by Attero or companies outside India.
“Globally, our competitors have mining efficiencies of less than 75%, while we are at 98%. Our mining capital expenditure requirements are approximately US$3,250 per ton, compared with global capital expenditures of between US$5,500 and US$10,000 per ton. between.
Attero has a 25% market share that will grow to 35% next year, while the company’s closest competitor has less than 10%, he claimed.

You Might Also Like

Pakistan anti-terrorism court grants bail to more than 150 workers of Imran Khan’s party | Parami News

Kannauj Railway Station Collapse: Door lintel collapses during construction, many workers fear trapped, 23 injured Lucknow News | Parami News

Los Angeles Lakers vs. San Antonio Spurs Game Status (01/11): Is tonight’s game at Crypto.com Arena postponed due to the Los Angeles wildfire crisis? | NBA News | Parami News

More than 3,000 flights canceled as winter storm hits southern US | Parami News

Pakistan: Imran Khan approaches Lahore High Court seeking bail in May 9 case | Parami News

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Abhishek Sharma goes past Virat Kohli to set record for… | Cricket News Abhishek Sharma goes past Virat Kohli to set record for… | Cricket News
Next Article ‘Next level stuff’: RCB vs CSK blockbuster takes centrestage at wedding; guests seen chanting RCB, RCB! | Cricket News ‘Next level stuff’: RCB vs CSK blockbuster takes centrestage at wedding; guests seen chanting RCB, RCB! | Cricket News
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow

Latest News

Harry Meghan LA Fire Victims: Major outrage over Harry-Meghan’s visit to LA fire victims: ‘You are not royals…merely two nitwit celebrities’
Harry Meghan LA Fire Victims: Major outrage over Harry-Meghan’s visit to LA fire victims: ‘You are not royals…merely two nitwit celebrities’
World January 11, 2025
‘My chapter is over’: Bangladesh veteran Tamim Iqbal retires from international cricket | Cricket News
‘My chapter is over’: Bangladesh veteran Tamim Iqbal retires from international cricket | Cricket News
Sports January 11, 2025
Graduation ceremony held for university colleges of engineering students
Graduation ceremony held for university colleges of engineering students
India January 11, 2025
Virat Kohli and Rohit Sharma will find form again, says England pacer Tymal Mills | Cricket News
Virat Kohli and Rohit Sharma will find form again, says England pacer Tymal Mills | Cricket News
Sports January 11, 2025
//

We influence 20 million users and is the number one business and technology news network on the planet

Quick Link

  • About Us
  • Contact Us
  • Advertise With Us
  • DNPA Code of Ethics
  • Disclaimer
  • Privacy Policy

Top Categories

  • Business
  • Entertainment
  • India
  • Politics
  • Regional
  • Sports

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Follow US
© 2024 Parami News. All Rights Reserved.
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
Welcome Back!

Sign in to your account

Lost your password?